XAUUSD (gold) has reached our next target just above $1,900. I wrote about this area in the May 20th commentary, along with the more significant $1,960 level. Given the way XAUUSD is refusing to back down, I wouldn’t be surprised to see a breakout above $1,910 in the coming days. That said, keep in mind that $1,900 to $1,910 is a minor area compared to $1,960. I also think the breakout from the descending channel near $1,850 was a much better buying opportunity. If XAUUSD can get above the $1,910 area on a daily closing basis, there’s a good chance we see gold run toward the $1,960 key handle. A daily close above ... (full story)