GOLD 0.51% $1,391.7 gold futures

Jumbo gettin all bent out of shape as gold takes another...

  1. 10,237 Posts.
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    Jumbo gettin all bent out of shape as gold takes another fraudster hit but goes no deeper than $1950 which is beginning to look like the area where wholesale bids might just be congregating.
    More consolidation in the gold indices as they continue to chomp at the bit.
    Resistance and target at $1996.70 looks like a sure thing. Once that occurs then a weekly gives us resistance at $2065.52 and target at $2267.82
    Friday is a triple witcher so a bit of volatility should be expected.( outside of the usual rubbish)
    Aussie dollar gold a not too shabby $2680
    Gold/silver ratio remains around the 72 level
 
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