Can Gold Move Above $2,000/Oz?

From orbex.com

Gold got a boost following the Fed’s rate decision and managed to poke above $2,000/oz briefly on Thursday. But resistance seems to have been sufficiently strong to keep price action below that level. Given the latest turmoil in the markets and the change in the Fed’s position, is there a fundamentals reason for gold to break through? Or can we expect resistance to hold out? The initial reaction from the market was that the Fed had pulled off a “dovish” hike. The increase in the interest rate was according to expectations, but the policy statement changed the language from “ongoing rate hikes” to “some ... (full story)