Gold Charts | Weekly & Monthly HAVE NOT Broken Support

 

littlelogo-e1371521132896By Dudley Pierce Baker     CommonStockWarrants.com

Fear is in the streets again for resource investors as gold plunged late last week and closed at $1172 having been as low as $1160.

Over the weekend I looked over the charts which I access with Stockcharts.com and a close look to me reveals that the weekly and monthly gold charts have not broken support, at least not yet.

Yes, we are close but need additional time to know for sure.

You look and you decide.

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sc-goldmonthly

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