Gold price, page-11834

I'd better start looking again at the POG futures chart to see if its saying the same thing as above or not, but it's nice to see the futures price is still ahead ATM of the XAUUSD.

I think that is THE critical trendline to beat right now as it has persisted and won all last year.

Of course there are going to be other resistances above from here, (for me the next one is around $1308 if it continues up this week).



Forecasting is dreaming, but the strongest way I can see us beating this trendline would be pullback to around $1250/60 and bounce at the intersection of both S/Rs. I would probably load up to the hilt (a bit too early) in anticipation if it did dip back in this manner.