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Gold Looking to Find 4K
Gold continues to rally during the early hours here on Monday. As it looks at this point time, we're going to do everything we can to get to the $4,000 level. The last couple of months have been extraordinarily bullish, and we've barely had a pullback. Keep in mind that we had initially broken above a significant ascending triangle in the beginning of September and it's basically been straight up in the air since then. The $4,000 level will of course offer a certain amount of psychological resistance but there's nothing particularly special about it. One would think that there's a lot of options barriers there so ... (full story)