(Kitco News) – The month-to-month continuation chart for close by Comex gold futures reads very bullish. Costs have been trending increased because the late-2015 low. The uptrend has accelerated in current months, with the following upside goal being longer-term chart resistance at $1,600.00. The acceleration of the longer-term worth uptrend suggests a problem of the all-time excessive of $1,908.60, scored in 2011, or above. A drop in close by Comex gold futures again under longer-term chart help at $1,375.00 would dent the bulls’ longer-term technical energy.
![]() |
Disclaimer: The views expressed on this article are these of the writer and should not replicate these of Kitco Metals Inc. The writer has made each effort to make sure accuracy of data supplied; nevertheless, neither Kitco Metals Inc. nor the writer can assure such accuracy. This text is strictly for informational functions solely. It’s not a solicitation to make any change in commodities, securities or different monetary devices. Kitco Metals Inc. and the writer of this text don’t settle for culpability for losses and/ or damages arising from using this publication.