Loading ...The futures blew past the 1346.10 target with ease, implying that an ABC pattern of greater magnitude, with a correspondingly higher target, is driving this rally. The one shown projects to 1430.80, about 5.6% above current levels. The futures tripped a theoretical buy signal to this number when they hit the green line today. However, the implied $3100 initial stop-loss is reason to look for other, less risky, ways to get aboard.
cont. http://www.gold-eagle.com/article/gold-bulls-set-sights-1430-target