Blog/Uncategorized
Posted Aug 23, 2013 by Martin Armstrong
Gold has rallied up to almost the 1399 level. We do have closing resistance at 1397.90 today and today would appear to be a high if it closes back below 1388.50. The key resistance is still at the 1421-1424 level and support lies at 1372.10 right now. A weekly closing back below 1336 will signal new lows in the future.
Silver needs to close ABOVE 2345 to see any follow-through. However, a closing below 2825 leaves this still in a vulnerable position long-term. A close below 2040 on a weekly basis will signal new lows ahead.
Categories: Uncategorized