April Gold (980.20)

Congenitally eager buyers of gold in India, China, and nearly everywhere else in the world have no idea who Jim Cramer is, so don’t worry that he may have put a curse on bullion with his recent endorsement of the stuff. Hey, even Cramer can be right now and then. This evening, there is little I can add to the technical picture detailed here earlier. 995.00 is still the most significant point of hidden resistance between here and $1,000, with 992.30 a close second, but neither is worth much for trading purposes. On a breakout, beware of a possible stall at 1006.10, since that’s as high as I can project for the very near term using the weekly chart.