Red-line support at 4381.80 showed enough pluck last week to send bears scurrying for cover. Friday’s close well above it implies d=4502.60 will be reached, although it remains to be seen whether buyers will have enough energy to trash it. Even then, they would still need to push above the 4558.50 ‘external’ peak from 9/3 to suggest there’s sufficient impulsiveness to beckon a test of a more challenging peak at 4755.00 recorded on August 25.
GCZ26 – December Gold (Last:4424.90)