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Metals: Take a Hard Look at 18-Day Moving Average of Closes in Copper & Gold

So the gold market is set back a little bit in the past couple of weeks we got up here as you know, into the $2420 level and we have since set back in the marketplace.

When you look at the market you can see you you got the $2454 in the June gold to be specific, an area that was something of a double top, as it turns out, with the old high back here that was made in April and the market has since retreated. When I put moving averages on, this is what I was looking for – for the market to come back to the 18-day average eventually, try to hold that ground, and then start moving up again. 

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