Gold $2200 by September

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Gold has made an interesting move here by breaking up following a rising wedge. I think it's likely that we get a retest of the upper line, and I can't say what we'll see in between, but given the fundamentals I think we get to $2200 by September. The main reasons why I see this: momentum is strong, there is a lot of bearishness in the market (everyone is expecting a pullback), fiscal policy decisions are going to be loose for the rest of the year especially leading up to the election as everyone tries to buy votes, and we're in the middle of the strongest seasonal period for gold.

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