Golden path to all time highs
A weekly close over $1930 today opens the door for traders of gold to catch a ride to $2000/10 in my opinion; simply said, I think the price will fill the space between the yellow lines on the weekly chart below, should the close over $1930 occur.
I wrote three weeks ago: "In my opinion, the Fed won't risk driving a full-on secular stock bear and gold is probably sniffing that out" So far, all is tracking accordingly, including in the stock market, which continues to hold that crucial breakout line. The S&P 500 futures weekly chart is updated below.
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