Morning Technical Analysis
Jon Nadler - Kitco Metals
The yellow metal appears poised to retrace some of its recent chart steps all the way to possibly the $1,327.00 level, according to analysts at Barclays Capital.
This, as bullion failed to hold the record $1,387.00 mark and then broke its previous channel high at $1,368.00 the ounce. Barclays team notes that so long as gold manages to remain above $1,300.00 and its 10-week trend line, the bullish tilt would remain in place. full article