Gold sold off yesterday and found support at 1654, the exact 61.8% retracement of the move up from 1628 to 1697.
We remain long from 1670, though our bullish view has been tempered somewhat by the last couple of days' action and we are watchful for a move lower.
In our view, it is critical that the 1654 support level holds fior the bullish case to remain alive and for 1700 to be captured in short order.
We remain long from 1670, though our bullish view has been tempered somewhat by the last couple of days' action and we are watchful for a move lower.
In our view, it is critical that the 1654 support level holds fior the bullish case to remain alive and for 1700 to be captured in short order.