Gold Continues to Move Higher : Stunning GLD Demand

by Dan Norcini
Trader Dan

Safe haven gold continues its strong showing as plummeting interest rates and shaky global equity markets are creating a strong bid in this market.

Gold pushed up towards last week’s high and in the process pushed through yet another overhead resistance level in the $1345-$1350 level.

Based on what I can see from this chart, there appears to be little resistance in its path until closer to the $1385 level. Above that lies psychologically significant $1400.

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