Gold Uptrend in Motion

THE LATEST GOLD UPTREND STOP & SUPPORT AREA

NOTE: What Follows is TIME SENSITIVE INFORMATION. For the next few days, this article will be viewable by Members Only.

JOIN TO VIEW.

Our previous GOLD article on Jan. 7th targeted the $1260 price as the confirmation point for a new uptrend in the Gold market.

That price was met and exceeded and the price of Gold has risen by as much as $43 above that targeted breakthrough point. This represents a value increase of as much as $4300 per futures contract on this rapid swing over the last few day’s time.

goldjpgThe chart above shows that the present support level for this upswing rests at the $1250 price level.

This is a Stop level based on the Daily price chart only. Should this upswing extend itself further, we can expect to rapidly advance this Stop support level. – George

——————————————————————————————————————–

DISCLAIMER: All charts and commentary are presented for educational purposes only. They are not a solicitation to buy or sell any financial products. Please familiarize yourself with the other disclaimer and risk disclosure statements on this website. By accessing this post, you acknowledge reading these disclaimers and disclosures.