by Przemyslaw Radomski, CFA
Gold moved higher yesterday, but it doesn’t seem that it had a major impact on even the short-term outlook as even the short-term resistance line wasn’t broken. Consequently, the previous trends remain in place. Let’s take a look at the details, starting with the long-term gold chart (charts courtesy of http://stockcharts.com).
[…] Once again nothing changed from this perspective and what we wrote previously about the above chart remains up-to-date: