GOLD Update

GCZ20

Gold held the critical area of 1850.00 to 1836.00 and the rally from there, so far has fallen just short of 38.2% of the break at 1942.00. Like the Oil I think this can be the two levels this market could trade between for the next few weeks. The longer term target with them holding the 1850.00 area is still new highs, or at least a test of it and with a failure to hold this area the next target is 1700.00.