Gold experienced quite unusual high volatility and movement to the upside. The question is, will the resistance 2088 USD/oz hold this week, causing the price to drop?
The retracement as depicted is a possibility. Even more if the 2080 USD/oz level is breached.
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2080 USD/oz level was not breached. The momentum is strong, demand for Metals now proved quite high causing the surge. Will it retrace later then? We look for signals after the second jump.