A Market Timing Report based on the 1-31-2014 Close published Sunday February 2nd, 2014
The resistance line I pointed out last Sunday in fact held gold (GLD) back. Gold failed to respond to rates falling further this past week, easing back on Thursday and Friday. Support must hold, even if tested, at 119.11. Until then, the rally is still intact.
Here’s the chart:
Gold fails to rally on rates falling toward the end of the week.
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