Gold Uptrend Gains Momentum
Tommy Humphreys | Mar 12, 2014 11:16AM ET
Gold has broken above major resistance near $1360 this morning after a healthy 2-week consolidation between $1320 and $1355:
The strength of the current uptrend is even more impressive on the weekly timeframe and shows all the signs of a strong trend that is only gaining in momentum:
Price is now equidistant from major resistance at $1425 and major support at $1300 – which will come first? $1425 or $1300?
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