GOLD move straight up after the Federal Reserve announced further than anticipated measures to increase its monetary easing policy yesterday. Looking at the markets, we have broken well above the $1750 level, and as such we feel that we are breaking out to the upside and will hit $1800 in the very short term. $1800 will be a bit of resistance, but we think that eventually we will head $2000.
As for selling gold, it is absolutely not a possibility at this point. We see massive support at the $1740 level, the $1700 level, and the $1640 level. Because of this, we are simply not involved in selling gold under any circumstances. So, Like We post early at September 10th [read this]...We still looking pullback to buy.
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