Potential Buy Alert

Spot Gold

Spot Gold is playing out nicely since the last alert as safe haven buyers are getting a little more active. We can see the buyers are stepping in at support around 1268 so we are now watching for a higher low and then push up and through 1366 resistance.

Commodity : Spot Gold

Current Price : 1285

Status : On watch for long squeeze then higher low for a move up

PREVIOUS ALERT 10/11/17

Spot Gold

Spot Gold has been heading higher the last few trading sessions but is it too early to jump on board for a move higher? We see gold as extended at current levels as gold bugs buy price up. We see now the potential for a long squeeze to push price lower and build a higher low and potential buy entry to continue the march to resistance around $1368.

Commodity : Spot Gold

Current Price : 1301

Status : On watch for long squeeze then higher low for a move up