Gold price, page-722

I was wrong when I said I wouldn't be surprised if there is a sell off on US market, but it is reassuring that the followings were happened:
-There was an assault on the psychological level of $1300 and we could not break beyond $1305 which in my opinion will be the key resistant level for the next leg up.

-Gold on Comex has been in the green throughout the night and the spot is slightly in the red, despite the gains of 117 points on the DOW. It confirms that the rally in gold is maintained and gentle retrace is healthy and common phenomenon with any rally.

-We have visited a previous support level of $1287 and we are closing above it and again that is very positive.

I would like to see another assault on the $1300 level this week and we are laughing big time after that.

Gold is playing a textbook pattern of long term rally and my daily opinion/prediction whether it is right or wrong , will not change the inevitable of reaching $1336 level and beyond soonish.

Happy days are coming for sure, GOD will.

Cheers,

Sydney