Gold resumes its climb
In early October Gold looked ready to rally. This 8-hour bar chart of the gold Exchange Traded Fund, GLD shows what happened. At that point, one could count 7 swings in the decline from the high at 3, so it looked like gold had completed a 7 move down Chaos Clamshell.
Gold: Support at $1851/37 to hold further weakness – Credit Suisse
Gold (XAU/USD) has fallen back sharply but strategists at Credit Suisse look for support at $1851/37 to continue to ideally hold though the yellow metal is fast approaching this key support.
This article was originally published by Fxstreet.com. Read the original article here.