Brief Respite For Gold?

The charts suggest that gold may be heading for a brief pull back.

My initial target is the 1290s.

The 1315 level would need to be breached to confirm a pull back from very overbought conditions.

In my view, any pull back is an excellent buying opportunity after such a fast run up in price.

Longer term, numerous threats are arising to financial stability and confidence in the dollar and bond market.

We will examine four scenarios in a post soon.


  1. 1360-1370 soon relying on this PW

    Please be well

  2. The 1360+ level is important resistance for gold to take out. Perhaps it pulls back first? The strength of the current move is encouraging, but I will not get complacent.

    Thanks for the well wishes.


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