I would like to see Gold take out the 38.2 Fib at 1837.80 on the daily and close above it for a couple days. There was solid support there from mid-May to end of June. Now it’s solid resistance so would be nice to see an ascent and perch above there.
Gary August 5, 2022
Then awaits the SMA 200 at 1841. I think the clearest ‘get out of jail’ marker would be to clear 1880 and that right shoulder cluster of activity from May-June.
I would like to see Gold take out the 38.2 Fib at 1837.80 on the daily and close above it for a couple days. There was solid support there from mid-May to end of June. Now it’s solid resistance so would be nice to see an ascent and perch above there.
Then awaits the SMA 200 at 1841. I think the clearest ‘get out of jail’ marker would be to clear 1880 and that right shoulder cluster of activity from May-June.