Gold prices power to 7.5-year high, more upside likelyGold prices power to 7.5-year high, more upside likely
Kitco's Jim Wyckoff on the important technicals for today. GLTA the patient Gold miner investors
"Technically, the gold bulls have the solid overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $1,800.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at this week’s low of $1,753.50. First
resistance is seen at the overnight high of $1,796.10 and then at $1,800.00. First
support is seen at $1,775.00 and then at Tuesday’s low of $1,758.30. Wyckoff's Market Rating: 8.5"
https://www.kitco.com/news/2020-06-24/Gold-prices-power-to-7-5-year-high-more-upside-likely.html