Gold Must Overcome 2 More Hurdle Before Reaching Target

This analysis is in support of fellow analyst idea (@meszaros) and reminder of our long term view on gold as published in September (see below chart). Now the 2 main hurdles left for gold to overcome is at 1561.833 and 1625.228. In view of gold's seasonality, the resistance at 1561.833 will likely be overcome before February. Depending on dollars index move, XAUUSD bull power may likely rally above 1625.228 April viz-a-viz August ending. In the meantime, gold immediately needs to pass 1528.495 before the above 2 hurdles can be the focus...