Quote:
Originally Posted by Teach
$1358.50 is the upper resistance mark for gold. If we were to break through that barrier, there's no telling where gold could go...through the roof?
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It looks like the last death cross on gold happened back in Oct. 2013. It appears like the Golden cross just occurred in December, so you may be onto something long term. 1358.50 is a very short term resistance level, I think before it really takes off, gold may need to break through 1377 and then 1388. After that who knows? Either way, good analysis.
