A snapshot on gold… We noted the May/June low as the key resistance point for gold and today it is popping above that point, with a 50+ (but not over bought) RSI. Also of note is the declining SMA 50 right above that spot. If gold can hold above here to close the week, it would be positive sign for yellow metal. I have found … Continue reading NFTRH; Gold (GLD)
DOW has reached initial resistance with bounce target #1 about 100 points higher.