Newsletter Update: “Something Big is Coming”

By Jeff Clark, Senior Precious Metals Analyst – Goldsilver.com

Here’s an update to a recent newsletter article…

Gold and Silver Technical Alert: Something Big is Coming

Remember how this article showed a potential big move in gold might be coming? Gold jumped higher last month, so I asked my technical analyst friend Dominick Graziano to give us an update.

Here are daily and weekly charts of gold, updated through September 1. Note his comments in the charts.

 
 
Dominick commented that, “Currently gold should have good support around $1,300 on a weekly closing basis. Failure to hold $1,300 would be quite bearish, but we now have confirmation of breakout above $1,300 in all important time frames—daily, weekly and monthly. I also see confirmation in dozens of other charts.”