Yes gold did close above the $1680 level but just barely. It needs to close above that level with conviction. By that I mean, not squeaking a close over this level.
If it gets some follow through in Asian trading Sunday evening that will help particularly if it does not give up its gains as it heads into New York Trading. The close is good but needs some confirmation by follow through.
Dan,
ReplyDeleteDidn't gold close above 1680 on friday??
dfly;
ReplyDeleteYes gold did close above the $1680 level but just barely. It needs to close above that level with conviction. By that I mean, not squeaking a close over this level.
If it gets some follow through in Asian trading Sunday evening that will help particularly if it does not give up its gains as it heads into New York Trading. The close is good but needs some confirmation by follow through.