Friday, October 31, 2014

Weekly Gold close setting up to be Important

traderdannorcini.blogspot.com / By Dan Norcini / October 30, 2014
In looking over this intermediate term chart, and surveying its current bear market, I have noticed that since its peak near $1900 some three years ago, the metal has only ONCE managed to CLOSE out the week BELOW $1200. See the arrow…..

The close this week will therefore be critical in determining whether or not we are going to be more downside follow through and another test of the key $1180 level or if we are going to sit and grind sideways for a while longer yet.
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