Gold Panic Cycle Update

NYGFOR-W 11-20-2013

 

Yes this week was the target for a Panic Cycle in gold. The primary resistance stands at 1301.30. Therefore, we have plenty of room to retest resistance at this time. There is also resistance at the 1294-1296 area. We need a closing above 1243 just to suggest we should press a bit higher near-term,