Gold : intraday breaks out upward

NEW YORK (June 16) Gold is threatening to break over resistance in the $1,845 area now, which aligns with the 200-day mov avg. (blue). A close above $1,845, or better yet $1,850, this week opens the door for gold to retrace back to the $1,880 area – its 50-day mov avg. (orange). A failure would keep the bears in control.  Now in the process in rising to $1,880...or above!

KITCO