GOLD 0.51% $1,391.7 gold futures

long from 925?, page-2

  1. BH!
    2,521 Posts.
    There's some potential resistance in the $940-$950 zones, as you can see historically. There's also the issue that the RSI and MACD are towards the tops of their zones.

    If it can best the $950 level, it should track up to the top of the upchannel (at around $980) fairly smartly. However, if it can't get over $950 this week, there's a good chance it will meander back towards the lower boundary of the upchannel. However, the overall tendency is up for the moment.

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