Summary

With gold closing around $1236, the market closing above the 9-day weekly moving average is confirmation that coming into this week we have a bullish trend momentum.

If the gold market closes above $1235, the first target this week is the sell 1 (S1) level of $1247, and the second target is the sell 2 (S2) level at $1258.

If the market comes down below $1235, it would negate this bullish trend to neutral and a second close below $1235 would activate the extreme below the mean of the buy 1 (B1) level of $1224 to the buy 2 (B2) level of $1211..

In this special weekend report, I want to review the gold and silver markets. Let’s see what the Variable Changing Price Momentum Indicator (VC PMI) is telling us for gold as we come into next week.

Read more HERE