A quick preview of what to anticipate on Gold in the coming week.
Komen:
Price is still stuck at the 1920 area and hasn't made any movement of note. Gold remains neutral on the daily timeframe but a break below 1890 should open the flood gates to 1825 area where we can anticipate some support to the upside. A break above 1867 should be a signal for some bullish momentum. We will have to wait for confirmations to buy Gold in this instance, unless a 3rd long wick candle forms before the break above 1867. Let's see how it plays out.