Spot Gold Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

With the USD picking up momentum, Gold should weaken soon.  The strong side is bearish, but wait for some form of topping pattern/indication – we are currently retesting supporting – not a good place for a short.

Click on chart to enlarge Spot Gold Daily Pulls Back Again But Should Grind To Channel Resistance – Near 1265 – Before Rolling Over

Spot Gold Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge Spot Gold Daily Pokes Up Above 1240 Resistance – Next Target Near 1280 – May See Pull Back Before 1280 Up Move Completes

Spot Gold Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge Spot Gold Daily In Minor Consolidation In Prep For More Upside Next Week

Spot Gold Weekly -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

Click on chart to enlarge Spot Gold Weekly Heads Higher As It Completes Wave E Of Wave 4 – More Downside After Wave 4

Spot Gold Daily -

[Technical Indicators We Use – MACD, MACD Histogram, Bollinger Bands, Candlestick Patterns, Elliott Wave Counts, Cycle Brackets, Volume, Channel Support and Channel Resistance, Support and Resistance Levels.]

A pullback and a push to channel resistance and then lower we go – well below 1180.

Click on chart to enlarge Spot Gold Daily Closes Above 1240 As Forecast – Up Move Should End At Channel Resistance
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