Thursday, February 6, 2014

Gold ~ 6 February 2014

Gold has tested the June lows in late December. Since then, it has recovered nicely and is now slowly trying to get to the resistance at 1350:

In an hourly chart this uptrend is clearly visible:

As long as the lower trend line holds, the medium-term trend is up. If we break below it, we might test the low at 1200 once again.

Author: Patrick Eugster