Gold is approaching the resistance and it is doing so early on in the daily cycle. Not only does gold need to get through $1,835 area quickly, but also $1,880 within two weeks..
The US CPI report will be released on Thursday, and it may determine whether gold trades at $2089 next, or whether there’s a “pitstop” at $1566, enroute to $3000.
Gold has been a FRUSTRATING trade for the last year and half. It has gone NOWHERE. There is more than one way to build more fuel for the next leg higher in the market.
