many of you consider this rally on gold to be abnormal and irrational.
but, history shows us the opposite picture.
the rally that we are contemplating today is the perfect reflexion of the movement that we saw in 2011.
just pay attention to details and embrace how similar it is.
from weekly timeframe analysis we can derive a couple of crucial clues:
1. potential for growth is still enormous
2. it took just 5 weeks to 1880 level from 1590 support
3. key structure level to consider are 1680/1780/1880
I guess the main problem of why it refuses to fall is that the majority is afraid to sell.
after yesterday's breakout bears are all stopped out and it pushes the market so high.
be very very careful shorting and control your risk!
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