1100 is key support. 1180 is key resistance.
Everything else is noise.
Watch the price of silver for any confirmations.
That market is tight, and less politically motivated.
12 January 2010
Weekly Gold Chart
Category:
Gold Chart Weekly
"Senators disturb us by reminding us of the possibility of large numbers swarming from China; but the answer to all this is obvious and very simple. If the Chinese come here, they will come for citizenship or merely for labor. If they come for citizenship, then in this desire do they give a pledge of loyalty to our institutions; and where is the peril in such vows? They are peaceful and industrious; how can their citizenship be the occasion of solicitude?"
Senator Charles Sumner, 1870
1100 is key support. 1180 is key resistance.
Everything else is noise.
Watch the price of silver for any confirmations.
That market is tight, and less politically motivated.