Gold Rally to 1500...Gold briefly touches the swing high created in February this year before the little pullback. A break above 1346 is imminent and this indicates more swing highs will be violated. A break above 1360 resistance will finally expose gold to the resistance at 1525 as shown in this chart.
After the initial break of 1360, gold will attempt to re-test this level (now support), if it holds, then 1525 is in view otherwise the precious metal will fall to test more support
It could even go as high as 1911 based on the price from the last market crash in2011. The price shot up 3000pips in that month. possible make it up to 1985. level. Gold is only going to go up over the next few weeks.
BullBearMkt
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@NathanMarshall, Gold is facing some selling pressure at the present level, ultimately it will move higher from September. I expect a little pullback before another swing high is formed!