Mega Important 2.5 Year Trend Line Support at 1240/38
Gold hits mega important 2.5 year trend line support at 1240/38. We also have important 200 week moving average support at 1234/33 so as long as this holds bulls can take control targeting 1245/46, 1249/50 & 1255/56.
Longs at 1240/38 need stops above 1230. A break lower is an important longer term sell signal.
Longs at 1240/38 need stops above 1230. A break lower is an important longer term sell signal.