Gold has finally climbed to over $3,000/oz for the first time in history however the yellow metal may not be done quite yet. Based on this repeated measured move of roughly $550 on each bull advance, we should expect the price of spot to get close to the $3,100 handle sometime soon. Seasonally, gold likes to rally into early/mid April before a cool off period so it is likely coming in the next 2-4 weeks.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.