Quotes from BofA Merrill Lynch:- We are turning bullish on gold. The Friday Bullish Reversal (Key Day Reversal) and completing impulsive declines from Sep’11, Jul-10 and Oct-21 say that the tide has turned from bearish to bullish. – Further supportive of gold is the fact that the US is also in the process of topping out. Above 1180/1184 clears the way for 1241/1255 and, eventually, beyond.
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