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TFC Commodity Trading Forum

GOLD/ At Major Support/ Big Test "NOW"! *PIC*

Gold has come back to the last significant support level which is the April high breakout pt. Price has tested this $1580 level twice now and held. Price has also pulled back to the 200ema that has held as support going back to pre 2008. So unless this bull trend is over price is right at important multiple support points and should rally from here. Seasonal trends also see a secondary low in late October and the June lows were early rather than August so this secondary fall low could also be early and may be right on target here for the fall low. This price area is also at the 14 month uptrendline. This is a critical point of support that should typically hold as patterns suggest. BIG TEST for GOLD right here/right now!!!!!!!!