It’s one thing to rip higher like gold did on Thursday, it’s another thing to add to the gains.
What’s impressive so far is that gold has been able to hold the vast majority of last week’s one-way rally from $1260 to $1322. A retracement would be perfectly normal but prices have held onto nearly all the gains and are up $3 today to $1318.
Gold daily chart
I expect last week’s rally to perk-up the dormant gold bugs and press the momentum to the April high of $1331.
