Gold Target for Week of July 20

Signal: Strong Buy

Buy: $945 | Stop: $933 | Target: $981

Finally… I’ve been waiting for gold to break the $950 mark and it will today it seems. Last week we dashed upon an uptrend and we are posed to hit $980. My official target will be $981, its a very high target but I think this might be a large week for Gold. Helping this theory, the dollar is about to crumble. In the short term, $952 is our target, but later this week I’m looking at $981. The last few weeks Gold has been setting up for this big leg up. If everyone listened to me and got in at the early 900′s, you would all be sitting pretty! Enjoy trading everyone!