Gold continues its relentless march forward as the $1,450 level has been convincingly broken through. Today’s bar is forming a bullish hammer, which further signifies that this level could be considered a new floor as traders pile into the commodity. Based upon recent consolidation measurements, gold should reach the $1500 mark before our move is done. It now appears that it might get there quicker than most people anticipated. Selling the gold market right now it’s just simply too dangerous to consider.
Originally posted here
