Gold bounced from $1320 on the bottom of the range and is running towards $1,350 at the top of the range. To repeat myself ad infinitum, ad nauseum, a break out of this range on decent volume that closes either above $1,350 or below $1,320 on two consecutive trading days, will give us the direction of the next trend. The reason – The Dollar will either rise or fall depending on that announcement next week. Make no mistake – QE is coming. The only question is the amount and the timing.
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