Friday, January 24, 2014

Gold - Break of resistance call for higher prices

Gold

We have now seen the expected break above the resistance line from the 1,433.73 high and it should just be a matter of time before we will see a clear break above resistance at 1,267.84, which will confirm the rally higher towards 1,361.86 where I expect wave c of the ongoing triangle to finish and prices turn down again for a new test of support at 1,180.


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