Gold & the Numbers
By GCRU Gold News on Thursday, February 9 2017, 23:09 - Permalink
In gold, we currently have 4 false breakouts to date so we are getting close to the turn. That Downtrend Line stands at the 1312 area now on the weekly chart. Perhaps this will be the fifth false move if we get through that monthly number we provided. We would need to get above the Downtrend line and still close above 1362 on a weekly and monthly basis to say OK – a real rally is underway.