The gold markets had an outstanding day on Friday as the jobs number all but guarantees more Fed easing. It looks like the gold markets will be aiming for the $1782 level in short order, and a possibility that the gold market could very easily hit the $1800 level.
From the chart we see that the gold W1 have been clean over its break-out triangle, so it is likely to fall in the medium term can be eliminated.
There will be pullbacks in the future, but these will simply be invitations to buy gold at cheaper prices. This is exactly how we plan on playing this market going forward, buying pullbacks.
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