It looks like so. From where it might rally much further, provided it does not sustains below $845.
If it takes support at $845, and rally further beyond $990, then you will see it stopping only after doubling. That is $1850….
The symptoms are that, the above price action is likely to happen. But we have to wait and see if it sustains below $ 845.
Is this the time money will flow out of stock markets around the world to Gold? Do not know yet. We have to be watchful on each and every price action.
Disclaimer: This is exclusively my view. Traders should take there own decision to act on this view.
