Just wanted to get this chart out to everyone to see clearly what we are looking at. There are multiple tops on the weekly between $1370 and $1377. A move above $1380 will run into resistance at the $1400. Above $1400 is the critical critical number.
As we've said before, we believe a move above $1400 targets the all-time highs back in 2011 above $1900.
With a number of big players like Jeffrey Gundlach and Stanley Druckenmiller coming out and saying they are long gold, the smart money looks to be banking on much, much higher prices.
We are bullish and remain long.
As always, trade with caution and use protective stops.
Good luck to all!
As we've said before, we believe a move above $1400 targets the all-time highs back in 2011 above $1900.
With a number of big players like Jeffrey Gundlach and Stanley Druckenmiller coming out and saying they are long gold, the smart money looks to be banking on much, much higher prices.
We are bullish and remain long.
As always, trade with caution and use protective stops.
Good luck to all!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
