The gold markets broke higher during the course of the week, clearing the $1220 level. This was the top of the shorter-term consolidation, so we feel that this market is going to continue to go higher, probably heading to the 1280- $1300 level. With this, we feel that this market is one that you can only buy, and we have no interest whatsoever in selling. We think that the market is starting to make a significant bottom.

 

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk