The rising Global Inflation, Russia pegging Russian Gas and Oil with gold and the Global financial crisis might provide both the motive and strength for gold to kiss the zone of 2000 once again.
Breaking it is highly unlikely, might as well mitigate the residual longs there and steeply fall for the lower levels.
For now we are Bullish to the core with Gold. The target is ranged from 2040-60.
Breaking it is highly unlikely, might as well mitigate the residual longs there and steeply fall for the lower levels.
For now we are Bullish to the core with Gold. The target is ranged from 2040-60.