Gold found support at $1308 on 27Jan and traded between $1323 and $1358 last week. Resistance is coming in at the 20ema ($1361). A weekly close above $1360 would be Bullish for a retest of the High. Personally, I am looking for Gold to recover 50-60% of the $122 fall from $1430 to $1308. Target level being $1375, then another move down to the long term support around $1275 over the next 3 months.
GLD BUY 131 Stop 129 Target 135
GLD SELL 135 Stop 137 Target 124
GDX BUY 55 Stop 53 Target 60
GDX SELL 60 Stop 62 Target 48
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