Gold and Silver purchase alerts set off [Video]

Gold is pushing greater for the third day in a row, which we now have not seen for five weeks.

Gold beat minor development line resistance at 4090/4100 to focus on final week’s excessive at 4119/4120.

We’re testing minor resistance on the 1 month descending development line at 4135/4140.

A sustained break above 4140 exams Fibonacci resistance at 4160/4170.

The rally is taking child steps in the mean time as we deal with the minor resistance ranges.

I’m hoping that is the beginning of a bullish breakout so perhaps shorts are too dangerous.

A break above 4175 needs to be a medium time period purchase sign and hopefully we are able to run up fairly shortly – initially to 4210/4215.

For now I’ll hope that that is the beginning of a bull run and subsequently I’ll recommend shopping for at minor assist at 4095/4090 & longs want stops under 4085.