After a moderately strong rebound from the $1675 lows in early August, Gold has clearly started to set up the Right Shoulder of what appears to be an Inverted Head-and-Shoulders pattern. The recent weakness in the US Dollar suggests any breakdown in the US Dollar below $91.70 will likely prompt a new bullish price advance in Gold targeting highs above $1900 and likely attempt to reach $2100 or higher.
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