GCV24 – October Gold (Last:2522.80)

Gold took off Friday following a shallower correction than we’d become used to. It’s tempting to say that the scum balls who manipulate bullion prices for a living lost control, but more likely is that they are simply ready to let ‘er rip. In any case, the October contract finished precisely at the authoritative trendline shown, and unless DaBoyz believe they can accumulate yet more tonnage with another takedown, this week should see the breakout that will finally take gold to $3000.