Gold Continues Rallying

Gold has not stopped rallying ever since the US change in Non-farm payrolls over a week ago and eventually reached $1,280 just as I thought it would. What is more, it managed to break above that level and reach $1,287. Although there it found some resistance, formed a hanging man candlestick on the four-hour time frame and started retracing, it is unlikely that is the end of the move to the upside. Gold has almost reached the resistance at $1,300 so I do not think that the rally will end before we see it climb to that level.  Only time will tell whether it will be able to break above $1,300 this time around or not.