Yesterday was a critical test of the bottom rail of our possible new uptrend channel. It was nice to see todays action come in where it did. The breakout of the top rail of the bullish falling wedge halfway pattern looks to be around the 890 area where it would signal the next leg up is underway. Just alittle more resistance to overcome and we should be on our way to our next price objective on gold to around the 1347 area towards the end of this year.
All the best…Rambus
gold-5.png