Next stop: the 2016 high
Gold bulls have had a much nice ride than 'digital gold' bulls over the past month or so. Bullion has been on a tear.
Today it faced the resistance of the 2017 high of $1357 but it's just creeped through to a high of $1358, which is the best since August 2016.
Before the gold bulls get too excited, there is some more resistance at the 2016 high of $1375 but if the US dollar keeps dropping like a rock, that will break too and then the technical path opens up.
