It’s only been three weeks since our last update on Gold, but I’m getting so many questions about it that it seemed like a good time to opine.
In our last update [see: Aug 8 Update on Gold] I noted that it had reached our 1484.60 target and wouldn’t face overhead resistance until 1560 — which it tagged on Monday, right on schedule.
This is also the top of the rising white channel as it is currently drawn. Does it still have legs?
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