Wednesday, February 24, 2016

Is gold breaking out of another flag formation?

Here is the latest from the gold market as of last night:


Today's action (that is tonight's) is bringing gold down a few dollars. Tomorrow, therefore is an important day. The chart tells me to expect a breakout - up or down. A number of miners were indecisive today, following the gold pattern. There appears to be a resistance at 1,250.

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