Gold:
We closed above 1818 today, warning we can still press higher into tomorrow
This week’s resistance at 1860-1900, then 2050-60; close above 1900 signals explosive run next week.
Next week: 1910-1960, then 2085-2105.
If 2100 broken, possible phase transition to 2400-2600 level this month.
Support forming at 1730; we stay bullish if this holds on closing basis.
We closed above 1818 today, warning we can still press higher into tomorrow
This week’s resistance at 1860-1900, then 2050-60; close above 1900 signals explosive run next week.
Next week: 1910-1960, then 2085-2105.
If 2100 broken, possible phase transition to 2400-2600 level this month.
Support forming at 1730; we stay bullish if this holds on closing basis.
DJIA:
Close below 11280 signals weakness.
Close below 10906 may signal sharp drop next week.
Monthly close below 10320 points to retest of 2009 low with support at 6952
Close below 11280 signals weakness.
Close below 10906 may signal sharp drop next week.
Monthly close below 10320 points to retest of 2009 low with support at 6952
http://www.jsmineset.com/2011/08/10/in-the-news-today-944/
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