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Gold Technical Analysis

Recent support ahead of the 200-DMA gave way Friday with

The bounce from marginally below the 21-DMA last week has

Stoxx50 continues to consolidate at lofty levels as bulls remain

The failure to break above $1286.6 on recent bounces from ahead of the 200-DMA

After failing ahead of layers of resistance now noted $55.51-56.17 earlier in

Stoxx50 recovered from the dip below the previous initial support at

Failure to break back above $1286.6 on recent bounces from ahead

Layers of resistance now noted $55.510-56.57 confirmed significance

Stoxx50 consolidated the recent move to 2015 and 6+ year highs,

The $1244.6-1251.6 support region confirmed significance Friday with

The 21-DMA confirmed its significance on a close basis with the dip

With the 3326.4 support having confirmed significance recently the resulting