GCZ23 – December Gold (Last:1993.10)

With gold in one of its steepest climbs in recent memory, the 2068.00 rally target billboarded in my last update looks like a lock-up. The December contract’s midweek stab through p=1945.80 all but clinched this outcome, along with a likely test of May’s $2129 record high. That would bring into play an even bigger, bullish pattern begun in November 2022 from 1711 and which targets 2241.90.  These are the most ambitious targets I’ve broached in a year, but my high confidence is commensurate with the rally’s steepness and the intimidating difficulty of climbing aboard.