Comex Gold (GC) Gold edged higher to 934.8 last week but upside momentum remains unconvincing As it’s still struggling to take out channel resistance decisively yet. Nevertheless, we’re still favoring the bullish case as long as 9203.5 minor support holds. That is, correction from 1007.7 has completed at 865/865.6 already and rise from there should extend to retest 1007.7/1033.9 resistance zone. Sustained trading above channel resistance (now at 934 level) will add much credence to this case
<p><a href=”http://feedads.g.doubleclick.net/~a/18vWZYsatRReZwD3GKRPydQU0AU/0/da”><img src=”http://feedads.g.doubleclick.net/~a/18vWZYsatRReZwD3GKRPydQU0AU/0/di” border=”0″ ismap=”true”></img></a><br/>
<a href=”http://feedads.g.doubleclick.net/~a/18vWZYsatRReZwD3GKRPydQU0AU/1/da”><img src=”http://feedads.g.doubleclick.net/~a/18vWZYsatRReZwD3GKRPydQU0AU/1/di” border=”0″ ismap=”true”></img></a></p><div class=”feedflare”>
<a href=”http://feeds.fxstreet.com/~ff/fxstreet?a=CoPF2ZKQlzI:qSLXQ8sHQkU:yIl2AUoC8zA”><img src=”http://feeds2.feedburner.com/~ff/fxstreet?d=yIl2AUoC8zA” border=”0″></img></a> <a href=”http://feeds.fxstreet.com/~ff/fxstreet?a=CoPF2ZKQlzI:qSLXQ8sHQkU:qj6IDK7rITs”><img src=”http://feeds2.feedburner.com/~ff/fxstreet?d=qj6IDK7rITs” border=”0″></img></a> <a href=”http://feeds.fxstreet.com/~ff/fxstreet?a=CoPF2ZKQlzI:qSLXQ8sHQkU:F7zBnMyn0Lo”><img src=”http://feeds2.feedburner.com/~ff/fxstreet?i=CoPF2ZKQlzI:qSLXQ8sHQkU:F7zBnMyn0Lo” border=”0″></img></a>
</div>
Read more…