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.
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.
The 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
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