BY LICIA LESLIE
October 19, 2023
Hi Traders,
The December Gold Futures contract is looking bullish:
There is some resistance here at $1976.
The next level of resistance is the median line (red line) coming in at $2050.
Looking at the SPDR Gold Trust (TIcker: GLD):
I think GLD is going to make a run to those recent previous highs at $184 and from there to the red median line at the top of the pitchfork $188.
Support comes in at $178.35.
Trade Accordingly,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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