gold is still in an uptrend despite friday's reversal

watch this week's inflation CPI # and that could be the catalyst for another leg up in metals

Trade attivo:

If gold can take out 1775 on close this week, the new leg up is on...

Commento:

the upleg is now on. I expect it rallies above 1900s in coming weeks/month

Trade attivo:

Guys, we are still in an uptrend.
Target 1900 in coming weeks. Next week's CPI # could provide another boost to price. We could see some profit taking and price reversals between 1900 - 1950.
Big trend is up, but there could be some big drawdown in Dec.