Gold Market Update for February 13th

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Here is today’s chart on gold for Feb 13th. Sorry I missed yesterday’s update was in the emergency room at the hospital for 4 hours. Now back home and back to normal. Gold was up yesterday and today and is right at the 18 ema. If we go above the 18 ema  I will start to looking for places to go long. Am watching for support at 1310.00 and resistance at 1350.00

” The gold market (NYSE:GLD) remains a very difficult sector to trade. Gold has actually formed a daily swing low which could mean we have a daily cycle low on our hands. Why? Well the momentum oscillators have reached oversold territory and short-term sentiment in gold has reached pessimistic levels (both charts shown below). However there are a few question marks as to whether the bounce out of this daily cycle low will gain any traction…”

This commentary and chart is provided for informational and educational purposes only and is not a recommendation to buy or sell any gold contract. Here’s the chart which is provided by

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