In my previous analysis of the Gold Commodity Market, I have pointed out that $1,237 (+/-$8) was an important NHN (Natural Harmonic Number). A break with strength to break out and above this level, is required for Gold to continue its high fly-ride to new higher prices. Failure to do so, shall bring in very sizable decline of at least 10-20%. I shall post the price target later.
Please see the Gold update. I have enclosed weekly chart, to reduce the noise of the market gyration and to give up better perspective.
