Gold Target for Week of October 26th

Buy: $1049 | Stop: $1044 | Target: $1072 | Quick Target: $1065

Gold is tightening up, which is a GREAT thing. It should eventually lead into a full break out but this week we might see some see-saw action between 1045 and 1070. I believe gold will make its run to $1100 sometime next week. At the very same time gold could make the approach to $1100 this week depending on what the currency decides to do. Watch the FX markets closely before making any rush decisions into gold. Happy trading!