Game of Inches for Gold

Spot gold has popped above its March-April resistance line in the vicinity of $1663, but as yet has not accelerated to the upside towards a test of its next key resistance area at $1680.

A close above $1663 will be considered technically significant -- and constructive for upside continuation -- while a close beneath the resistance line could be construed as a failed attempt to break out to the upside.
It's a game of inches now for spot gold and the SPDR Gold Shares (GLD).

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!