eyeofkronos

XAUUSD OAK Gold's New All-Time-High and Intraday Forecast

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold's price rose back to it's all time high value last Friday December 1st, then broke the ceiling on December 4th, at the Asia markets and week's opening. In a flashing escalade that lasted less than one hour, rocketing 77 dollars up from 2070, the price claimed a new ATH price at 2147 US dollars per pound.

The correction followed since. We are looking now at the continuation of this berish move, and here I offer some morning doodles for today.

Gold is going to continue up in the larger trend, and not just for this years closing. It's just a matter now of finding our how deep a retracement could reach. It might be still soon for doing that accurately.
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