Gold Target for Week of July 27

Signal: Strong Buy

Buy: $945 | Stop: $939 | Target: $971

Gold was extremely quiet late last week so I’m looking forward to some action this week. In a positive tone, gold held above $950, giving no way to the lower side. Instead, we saw gold build up around the $950 stage and what I think is creating the scenerio for a gap up to $971-$984 this week or next.