Ending the third week of July Gold closed at a record of $1897. This was above the prior closing high in 2011 of 1874. That’s a +1% break = Still bullish and still buy dips. At the risk of over simplifying, a chart that is smiling should be bought and held. Our target range from over a year ago is $2114-2296 however using the below we can calculate a few more levels to be aware of including 2379 and possibly 2691.
BofA’s chief technician Paul Ciana
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