Gold Futures Breakout For One More Rally

Guy Cerundolo
gold futures price forecast rally higher target 1860 investing chart image july 20

Gold Futures Price Chart

We would be adding here as gold has started to break above the short-term down-trend line.

Gold has been one of our favorite bullish “long” plays this year.

The recent pullback to trend support appears over, and we continue to target $1860 from here.

Best to use “stops” and take fractions off as prices rise.

Please note that our initial long position came from a green “ellipse” buy signal on June 8. My articles are spilt between paid clients and free readers. That said, you will probably be able to find something similar in our article archives.

The author may have position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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