Gold / US Dollar, Daily Chart Analysis 12/27
Technical Analysis and Outlook
The Gold Rally completed Phase 2/2 of Stage 3, by completing Outer Gold Rally $1279 and Inner Gold Rally $1275, while the next Gold Rally stands at $1302 contingent, there will be no major resistance level flagged by Trade Selector Signal system. The down risk is a new Mean Support $1255 and established Key Support $1237. (For the latest market talk, please see the site 'Market Commentary' tab).
The Gold Rally completed Phase 2/2 of Stage 3, by completing Outer Gold Rally $1279 and Inner Gold Rally $1275, while the next Gold Rally stands at $1302 contingent, there will be no major resistance level flagged by Trade Selector Signal system. The down risk is a new Mean Support $1255 and established Key Support $1237. (For the latest market talk, please see the site 'Market Commentary' tab).