Today’s Gold report from FuturesTechs focused on the trend support line that’s doing a job right now, and we switched back to a bullish stance, thinking that the market can head higher from here, making this a buying opportunity.

From yesterday: “I’m tempted to go with a green SkewBar above 1477/1480/1482 as this is a strong area of support that seems to be keeping a bid under this one”.

…and Today: We didn’t do this yesterday, but we’re going to today, because 1488.5 did a job as support all day, and it didn’t look like we wanted to go down. We rallied in the end, up to 1504.3, so we didn’t worry bold resistance at 1508.6, but we continue to hold above this bunch of bold support below, and the bulls should be good to keep this going, which makes this a buying opportunity.

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