Gold Bulls vs. Barrier of $2,800

From goldpriceforecast.com

The first thing that catches the eye on the daily chart is the breakout above the upper border of the red consolidation (…) What does it mean for gold futures? A potential pro-growth scenario, which could take the price to the barrier of $2,800 or even to around $2,825, where the size of the upward move would correspond to the height of the mentioned red consolidation. From today’s point of view, we see that the situation developed in accordance with the above scenario and the bulls reached the first mentioned target earlier today. Thanks to this price action gold futures also hit another fresh all-time high peak ... (full story)