Monday, February 20, 2017

Gold Review

Long Term Monthly Gold
- See illustrations
- We are packing it in pretty tight in the big picture
- Bearish SMA50 & VWAP
- Demonstrated support at 20 year value area bottom

Long Term Daily Gold
- We are in the vicinity of the 20, 5 & 1 year Points of Control
- Presently, we have resistance stemming from an October swing low
- Price appears to be "jamming" against this resistance level
- Targets identified if we break out long
- See illustration

Intermediate Term (4 hour) Gold
- Targets better identified if we breakout above last October's swing low
- We appear to possibly be putting in a top at last October's swing low.

Short Term Gold
- Watch for intraday trades accordingly