Euro Gold Technicals Look Near Perfect

http://www.goldcore.com/goldcore_blog/euro-gold-technicals-look-near-perfect

Gold pauses

As suspected, Gold corrected yesterday, as the mining shares did not move up friday, despite spot prices rising to resistance at $927. Corrections are healthy, so we'll see if gold prices hold their support levels. With further consolidation, the technicals favor another move up, with resistance at the $975 level.

More importantly, the fundamentals are still in price for a bullish case for gold. We'll see if gold trades in this range before testing last year's high.