News Bites Even If Gold Corrects For Next 2-3 Days, The Trend Still Points Up – Analyst

(Kitco News) - Although the gold market could see a correction for the next few days, the main trend remains up, says one Chicago-based analyst. “A trade through $1249.40 will change the main trend to down. The next major upside target comes in at $1305.50,” noted James Hyerczyk, publisher of The Pattern, Price & Time Report. Gold ended slightly lower Monday after hitting an overnight six-week high. December Comex gold futures last traded at $1,275.80 an ounce, up $0.50 on the day. ...
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