Respect Nature

Monday, June 16, 2014

Gold

Gold - in the target zone for this wave, and at minor upside channel resistance right here. If it's not planning to accelerate further, it should pull back from right around here to 1270 area. I do see acceleration as a real possibility, however, which is why I left the calls going into the weekend. In order to show acceleration, it needs to move through 1283, but then it has declining resistance,  ~1288 currently, to contend with. So, would need to see a break over that to really make breakout likely. 

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