with a close above 1850 gold has started showing signs of a bull trend. For confirmation of this trend, it has to close above the bearish trend line at 1865. This will set it up for a TP of 1881/1915 in the short term.
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bull facing a wall at 1865 underscoring its pivotal nature. If bulls mange to break this wall by tmw we see the start of a bull run else crash boom bang.
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with the jobless numbers, US Congress will be under greater pressure on the stimulus bill. Therefore 1915 continues to be a valid target with a possibility of going higher.
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Further market directioon will be decided by Gold's reaction to the 1915-17 level as there is a possibility of retracement at this level