Gold Market Update for February 14th

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Here is today’s chart on gold for Feb 14th. Gold was up today. We are now above the 18 ema and I am looking for places to go long. Am watching for support at 1320.00 and resistance at 1360.00

“Gold held gains as the dollar slipped, with investors counting down the hours before key U.S. inflation data that may offer fresh clues on monetary tightening. Adding luster for the metal, filings showed billionaire hedge fund manager Ray Dalio increased holdings last quarter….”  https://www.bloomberg.com

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 Barchart.com

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