Gold Is Testing $1,358

Despite the signal that Gold would move to the downside there was only a small drop and then several days of sideways consolidation. After that ended Gold once again started moving to the upside and it is currently testing the previous high at $1,358, continuing the overall bullish trend. That continuation will be confirmed, of course, once Gold breaks above the aforementioned previous high, which is very likely to happen. If it does break above that level it will probably continue moving to the upside towards $1,392, which is the last high that can be seen on the monthly time-frame, formed back in March 2014.