Here is Fitzpatrick’s
outstanding interview along with 3 tremendous charts: “Gold
is really now looking like it is set to make a move higher. Gold had these
initial support levels which the down-move had taken gold to, but gold has now
pushed back above those important areas.
We
would like to see a weekly close above this $1,322 area, which represents the
lows we had in the April down-move. That weekly close will open up the gold
market for continued upside. The next target after that would be to continue to
rally and retest what was the impulsive breakdown at the $1,522 zone, which
would represent roughly another $180 on the upside for gold (see chart
above).”
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