The Gold continuous daily chart closed right at TL resistance at 1006. It has not really broken out yet as we would first need to clear the 3/17/08 ATH at 1017.50 Resistance, but the daily, weekly and monthly trends remains up. We then have LT monthly resistance at 1028 and channel resistance at 1075-85. We closed right at TL resistance on 9/11, which suggests a pullback is due. First sign of trouble is any break below 951 and MOB support is at 796.
Daily CITs are: 9/17, 9/24-25*, 9/30, 10/2, 10/30 and 5/2/10. It also has an Apex CIT on 11/17+/-.
The Gold weekly chart has 1st resistance at 1017.50, then 1075 channel Resistance. We closed up + 9.70 at 1006.40 this past week. 1st support is at 939 and major TL support is at 829 and MOB support at 678.
Weekly CITs: 9/21-25 wk, 10/2 wk, 10/30 wk, 12/25 wk, 4/2/2010 wk, 11/5/10 wk
The Gold Monthly chart has Long term Resistance at 1028 and 1085 Channel Resistance. We need to break above 1085 for a real break-out to take place, The 49 Month cycle was the April 09 Low.
1st support is at 815 and MOB channel support is at 691.
Monthly CITs: 10/09, 3/2011, 1/2012
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