Ok BMD nobody else is taking the bait so here`s a lash....
If the 200, 50 and 20 day moving averages ( uptrend ) stay intact we may be looking at higher prices for Gold next week.
Remember If, if the Moving Average`s stay intact.
We had that "correction" ( term I use lightly )late June that triggered a down trend ( short in duration ).
Strong buying ensued , and now we look forward to a better week , month , year. But as you have shown ( chart ) the expiration always gets the blood boiling ( from utter frustration, rather than golds fundementals )
My pick...........support at 1200 ( on volume ) then off to the next resistance around 1240 ( mabye low 1400 in AU $ )
Please don`t anyone take my Sunday night ravings seriously.
