Gold : Next stop US$ 1420

Gold bulls are having huge amounts of fun this week, and it looks to us the 1414 resistance will fail to hold tonight, with a spike to 1419-1420, if not higher very much on the cards.

Spot Gold (XAUUSD) has near term support at 1408 and 1404, with a solid chance for it to stay above the 1400 mark today, and indeed hit fresh multi week highs.

 

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