Thursday, February 2, 2012

Gold ~ Update ~ 2 February 2012

After some consolidation around the resistance at 1670ish gold rallied on and is currently trading at 1760. As said in my previous update a break of 1670 should lead to a new all-time high:

I added two weak resistance levels around 1760 and 1800 which could offer some resistance. Medium-term we should rally to 1900+ though (as long as 1650-70 holds).