World Blog by humble servant. Gold update 1.2-24-2020
Now that Monday has come and gold has rallied overnight gold should rally to test it important levels of resistance first key level for a minimum high would be 1672 - 1697 with the ideal projection at 1680 to 1683 .Beyond at the top of the channel offers resistance at the 1706 area. If gold can exceed that area of 1710 then a rally up to 1750 level becomes the next Target. The prospect of this sort of panic rally warns that it is not sustainable. The gold bugs are always running and put the highs expecting the rally will never end. Be careful up here ideally today we should be the high in GOLD this week is also the directional change.
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