As gold enters the final trading session of 2012, the market has broken above the 200 DMA and the second down trend line, suggesting that the price is poised to move higher.
We expect resistance at the 20 DMA and third down trend line, both coming in at 1688. Should the price move above this level, the bulls will consider themselves firmly back in charge, with eyes on 1730 and 1755 and ulitmately 1800.
2013 promises to be another exciting year for gold, we expect a 13th annual gain and would be very surprised if we do not see a return to double digit % growth.
For our subscribers at www.goldtradingexperts.com, today's video looks at the gold market in 2012 in more detail and our thoughts for our current trade.
We expect resistance at the 20 DMA and third down trend line, both coming in at 1688. Should the price move above this level, the bulls will consider themselves firmly back in charge, with eyes on 1730 and 1755 and ulitmately 1800.
2013 promises to be another exciting year for gold, we expect a 13th annual gain and would be very surprised if we do not see a return to double digit % growth.
For our subscribers at www.goldtradingexperts.com, today's video looks at the gold market in 2012 in more detail and our thoughts for our current trade.