Commodity Trade Mantra

Posts Tagged ‘Gold Weekly Chart’

Citi: Is This The Breakout Week For Gold?

Citi’s FX Technicals group notes gold has traded above very strong resistance on the $1,350 to $1,362 range suggesting a test up to $1,434 and the next level at the 200-week moving average at $1,493. Gold is also getting close to the “golden cross” where the 50DMA will cross above the 200DMA.

Citi Asks "How High Can Gold Ultimately Go?"

Citi – We do not believe that the fall in Gold will be sustainable and expect new highs in the trend eventually – Also retained a long term target of about $3500 for some time on Gold price based on a comparison of this period and that seen in the 1970’s

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