Gold Weekly Chart Showing 65 Week MA

Price may be coming down for another look at the 65 week MA and likely overshoot.  Months or even a couple years may go by but gold always comes back to touch the 65-week MA sooner or later, like going home to Mom's home cookin', you always return. Price tapped the 65-week MA to start the year, but that whimpy touch will not qualify.  Gold likely needs to collapse thru the 65-week to perform a serious test of this important moving average, thus, the 1475 to 1600 level would be targeted for the days and weeks ahead.  This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.