Gold touched bottom at 1180. What happens afterward was 250 dollar rally. A $250 rally could take us to $1590 which is the floor of 2011 ~2013 trading range. The next real resistance.
Gold is now trading above 50,100,200 and 300 day moving average. Jewelry demand, geo political risk demand, all favorable for higher gold.
Stopped at $1322 resistance. We don't break out this week we retest $1300 . Anyone have a theory why silver is so strong, much stronger than gold ? I've been watching silver for gold's direction next day.