daytrading august 22 pre-market, page-9

Morning all. Gold within $120 of $2000 at one point and still close. This is a really pivotal moment. IF gold were to break thru $2000, ie $2100+ and hold for a couple of days, then that would really light the fuse. This not based on charts as such but $2000 has been the "theoretical" target of the gold bulls spruiking since gold left $250 behind. This might unlock some of the undervalue in many gold stocks.

There is also school of thought that $2000 will be the sell/short signal. Too hard to call imo, but I can't see why gold can't be over $2000.