The technical set up on Gold looks increasingly bullish and Citi’s FX Technicals group continues to expect further gains. The picture on Silver also looks constructive and Citi notes, over time it may well outperform Gold. A weekly close above the $1,434, if seen, would suggest extended gains towards $1,685 and beyond. As they warn (gold bears), we may have “seen this movie” before… as late 70s deja-vu happens all over again.
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