Gold should be rising above $1100 with all the geopolitical issues at the moment. (China PMI less than 50, tension between Iran and Saudi Arabia and now H Bomb tests by North Korea.
Looking at weekly charts, Gold may move up to the weekly 40ema around $1140. In 2014 Gold rose $105 and in 2015 around $120 in the first quarter before decline.
Gold price target price range in 2016 has the potential to be $950-$1200
Looking at weekly charts, Gold may move up to the weekly 40ema around $1140. In 2014 Gold rose $105 and in 2015 around $120 in the first quarter before decline.
Gold price target price range in 2016 has the potential to be $950-$1200
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