GOLD

Update #GOLD $GLD rebounds from major support. Targets 200 day moving average at 1,338 levels pic.twitter.com/LkMnYwpKyL

— Aksel Kibar, CMT (@TechCharts) January 13, 2014

200-day average at 1,330 levels stopped #GOLD‘s rebound. Only after a breakout above this level it can target 1,440. pic.twitter.com/fYEwcIQAza

— Aksel Kibar, CMT (@TechCharts) February 21, 2014

Above are some of the updates I shared with TechCharts followers on GOLD. Since the beginning of 2013, it is the first time GOLD has breached its long-term moving average. Strong momentum should push prices towards 1,440 levels in the following weeks. 200-day moving average at 1,330 levels will become the “new” support.