Despite volatility, look at who just said the price of gold is headed to a new all-time high.
KWN audio interview has now been released! In the meantime…
Gold On The Edge
April 3 (King World News) – Top Citi analyst Tom Fitzpatrick: Gold held very good support in the $1,445-$1,460 range (Horizontal support, channel base and 55 week moving average) and bounced aggressively. However it is one thing to hold good levels and another to subsequently break through good topside resistance.
The rally, so far, has hit a high of $1,645 which is just $1 above the 76.4% retracement of the fall from $1,703 and $1,452 which stands at $1,644. While that level continues to hold there remains a danger that Gold could have another move lower.
However, a close above $1,644 (At least daily and preferably weekly) IF seen, would open up the way for a re-test of the recent high at $1,703 (see below).
Gold Close Above $1,644 Targets $1,703
Above here levels to watch are:
$1,796-$1,803: Horizontal resistance.
$1,912-$1921: All time high resistance levels from 2011.
Within hours KWN will be releasing an audio interview. Until then…
Gold Will Break Above The All-Time High
Our bias is that we will ultimately test and break the all-time highs in line with our 2008 roadmap. However, for now, this resistance level needs to be respected ($1,644), and unless and until it breaks Gold is not out of the woods.
Corrupt Bullion Banks
To hear James Turk discuss what the corrupt bullion banks are up to in the gold and silver markets and much more CLICK HERE OR ON THE IMAGE BELOW.
One Hell Of A Crisis
***Also Released: This Is One Hell Of A Crisis CLICK HERE.
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