In my view, there is solid evidence that gold will attempt to breakout but we need to see the following occur first:
1. 7EMA needs to cross through the 41EMA on the .
2. Gold needs to breakout and hold over $1200
3. A series of higher highs and higher lows over $1200
Gold target on the 3rd wave higher could be north of $5000 should the three items above start to occur.
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