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Going forward, if gold can break $1,478, the next level of interest is the closing price
of $1,501 from April 12. If you are looking to get long gold, it would probably be best to wait until the commodity can get back above at least one of these levels before making a commitment.
So say edited excerpts from an article* by Bespoke Investment Group (www.bespokeinvest.com) entitled Gold Rallies Up Near Important Levels.
(NOTE: This post is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and the free Intelligence Report newsletter (see sample here – register here). The article may have been edited ([ ]), abridged (…) and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.)
The article goes on to say in further eited excerpts:
Below is an intraday chart of gold over the last 15 trading days.
(Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.)
*http://www.bespokeinvest.com/thinkbig/month/may-2013
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