Gold has continued to trade higher since our free buy stop entry signal on Dec 20th. Am looking for prices to test the next resistance level around 1295.00. This information 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
(Kitco News) – Gold and silver markets ended quiet, post-holiday trading sessions with good gains and scored four-week highs Tuesday. Early advances were extended and the metals closed near their daily highs as the key “outside markets” turned bullish on the day. The U.S. dollar index turned weaker during the U.S. session and crude oil prices posted solid gains and hit a 2.5-year high. February Comex gold was last up $9.50 an ounce at $1,288.30. March Comex silver was last up $0.171 at $16.615 an ounce.