Loading ...COMEX GOLD 1214.40
Timer Digest–8-24–2018—Top five gold timers
MANFRED ZIMMEL Bull Amanita Market Forecasting
STEVE TODD Bull The Todd Market Forecast
BARRY ROSEN Bull Fortucast ETF Timer
STEVE RHODES Bull Mastering Probability
GARY HARLOFF Bear The Intelligent Fund Investor
Gold, now basis the December 2018 future, continued its four-month decline to the recent low near $1167 in mid-August. Fundamentally, trade-tensions and sub-surface price in- flation persist. Technically, gold is attempting to reverse course with a $45+ rebound from its low. Support for the Deccember contract is $1190, $1170, and $1150. Resistance is $1220, $1250, and $1280.
The Consensus is currently Bullish.
Manfred Zimmel is Bullish.
He said a bottoming pro- cess for gold appears to be pretty mature, and could be com- plete at any time, if not already.
Steve Todd is Bullish.
He suggested gold has likely re- versed trend from a deeply oversold condition with potential for a tradable advance.
Barry Rosen is Bullish.
He allows for a test of recent lows in the context of oversold readings and a positive seasonal.background.