Gold we wrote: We have rocketed from this level. Perhaps now the panic selling to cover margins in stock markets has abated, the focus will return to gold as a safe haven/inflation hedge. We are through strong resistance at 1510/12 & strong resistance at 1547/49 to the next target of 1573/78 as I write...bulls back in control after some base building at very strong longer term Fibonacci support at 1453/50. I think it is worth buying in to weakness or buying above resistance now. A break above minor resistance at 1573/78 targets 1583/84, 1591/93 & minor resistance at 1595/97 for some profit taking.
Pretty good? However we continued even higher reaching 1635.
Silver follows Gold higher of course.
Reports will be updated at lunchtime GMT if necessary.


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