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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Tuesday, December 21, 2021

GOLD Poised For A Breakout

* See UPDATE below...

GOLD is poised for a breakout and a retest of 2,000, or higher, as shown on the following monthly chart.

Major resistance is around 1,850 and major support around 1,750.

The William's Alligator is flat on the daily and weekly charts, so watch for a curl and hold up or down in the days and weeks ahead to, first forecast, then confirm, a breakout in either direction.


* UPDATE December 28...

Another perspective on GOLD's prospects...

Source: ZeroHedge

ZeroHedge excerpt


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