Gold rallied up on Friday to close 1571.7. I see at 1582 a possible pull back to the 1510 area, (watch for a break below 1557), but because on recent news in China, this now is less likely.
A break above 1582 should see a steady rise above 1600 reaching the Months 1611 high.
I do see soon a rise to 1700, the chart shows a small consolidation at this level, if gold does follow my idea then we should be seeing new highs in the not so distant future, however as shown this could also be where we see a push south.
A break above 1582 should see a steady rise above 1600 reaching the Months 1611 high.
I do see soon a rise to 1700, the chart shows a small consolidation at this level, if gold does follow my idea then we should be seeing new highs in the not so distant future, however as shown this could also be where we see a push south.
