Yesterday’s close above $1000 after consolidating near this key level for the past few days keep gold’s bullish picture intact. I expect a retest of $1020 by the end of this week, and there’s good potential for further upside from here. A break above $1020 would open the way for a larger move, possibly to $1175, the Fibo extension of the $700-$1000 move.
Spot Gold Daily Chart:
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