Monday, May 12, 2014

Gold ~ 12 May 2014

Gold has been trading between 1200 and 1400 for about a year now. As long as we stay in this range, the long-term trend is neutral.

Medium-term the situation looks very similar. Support is at 1280 and resistance at 1330. Until we break either of these levels, the medium-term trend is also neutral.

Author: Patrick Eugster