by Stewart Thomson
1. Gold stock enthusiasts who bought metals and miners at my key $1788 buy zone for gold are looking very good.
2. Click to enlarge this weekly gold chart:
3. The $1767 low is also now a buying area. On the sell side, $1966-$2089 is a good spot to do some profit booking. The bottom line:
4. Investors who followed the Edwards and Magee support and resistance weekly chart rules did well in 2020, and it should be another great year in 2021!
5. For a daily chart look at the price action, please click here now. Double-click to enlarge. Gold is likely to pause at the first thin line of resistance that I highlight in red on the chart.