On Aug 22 we noted the first breakout in the prec. metals and on friday we got an encore.
Most chances are on the bullish side allthough we should not ignore the possibility of a fake out.
Also the fact that an intermediate overbought market breaks out to the upside rather than mean reverting has to be interpreted in a bullish way.
September is the month the shiny metal loves most even more than August. August went up approx. 5% , so let's see if Gold can continue on this path.
1700-1800 should be the target zone for Gold this September with a bias towards the 1800 level.
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