Gold And The Seasonal Bounce
While gold is choppy, it should rise up to its normal seasonal turning point. From there, it appears that gold will turn back down moving into the benchmark targets outlined in the report. The first resistance that must be overcome to hint that the seasonal bounce is unfolding requires a daily closing ABOVE 1256. That will open the door to a rally up to 1300, but formidable resistance stands at the 1330-1350 zone. It is unlikely that gold will rally beyond that level assuming there is even a rally.
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If Putin does something really desperate, all bets are off. You can throw your charts out the window. He's a wildcard.