Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

Spot Gold Pops Above Key Resistance

Spot Gold is trading above its Jan-Oct, down trendline ($1142.50), its 11-month resistance line ($1155), and above its prior near-term rally peak from Sept 24 ($1157.07), and is challenging its flattening, 200-Day EMA, now at $1168.60.

All of the action since late July has the right look of a 2 1/2-month base formation that is nearing upside acceleration towards a target zone in the vicinity of $1240/60.

  • 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!