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Date Posted: 08:40:01 02/26/20 Wed
Author: philbond007
Subject: Gold: monthly candle chart

It's been around 5 months since I posted a gold chart, so I figured it's time, cause the chart below is a monthly chart & we're nearing month end.

To keep it simple, watch the $1,634 level, which I believe is key. I'm thinking a MONTHLY candle close ABOVE the $1,634 level would show strength, & opens the door to strong resistance at $1,790.

Also note the blue up-trending channel which was taken out last month on a candle CLOSE of $1,589.69. At a minimum, I'd like to see this months candle CLOSE above the blue channel, & preferably above last months close of $1,589.69.

Let's see what happens:



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