Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« Janet Yellen and the Fed Go Dark | Main | Mt. Gox’s Downfall Shows the Power of Creative Destruction: Erik Voorhees Interview »
Wednesday
Mar192014

Gold Bouncing off the 1390-1400 barrier

Posted on March 19, 2014 by 

So far, gold has been unable to get through the first primary resistance 1390-1400 barrier. We pressed higher into this week making the high but then turned back down. Now the two levels forming are 1323 and 1425. A weekly closing back below 1308.00 will signal a resumption of the downtrend. Major monthly resistance stands at 1555-1565 followed by 1617 for the next three months whereas support lies at 1315. a monthly closing below this area will signal new lows ahead. Only a monthly closing above 1617 will signal a breakout to the upside.

....................................................................................................

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>