GOLD: the era of $1 800

GOLD: the era of $1 800

Finally, we have gold above $1 800, and it seems to feel itself quite confident over there. What is it up to now?

Strategically, the target is now $1 900.

Tactically, expect a downward retrace as the next step.

Fundamentally, it was the 8-year high that just got passed, so now it is the all-time high of 2011 to be challenged. Nothing extraordinary here - just pressure and time. Especially with these gloomy moods among investors and spikes of infection rates here and there. 


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