Rather than give us the expected correction, gold powered higher throughout the afternoon and evening yesterday and is now pushing through the 1780 resistance area.
The strength in the gold market yesterday took us by surprise, it is an indication that this rally is far from over - once the price gets above 1800, we expect a quick move higher, though it will be some time before we can challenge the all-time highs at 1920.
Today's video looks at the price action in more detail and our next trade thoguhts, as well as our revised targets for the next rally leg.
The strength in the gold market yesterday took us by surprise, it is an indication that this rally is far from over - once the price gets above 1800, we expect a quick move higher, though it will be some time before we can challenge the all-time highs at 1920.
Today's video looks at the price action in more detail and our next trade thoguhts, as well as our revised targets for the next rally leg.