GOLD Continues Its Bullish Trend

Commenting on the gold outlook, The near constant push higher for gold since it broke the USD 1,550 resistance level has made for a formidable fundamental bull market, with a very solid technical backdrop for a continuation from the current levels. While an eventual correction back to retest the initial major breakout from the USD 1,550 level would be in line with long term expectations for such a significant move, thus far there are no indications of price weakness on the charts.