The price of gold is at an absolutely critical juncture, says Ragu Dharmaratnam of Baselica.
It is running up against its blue downward trend-line from its all-time high at $1,920, as well as a major Fibonacci retracement level at $1,667. Should it manage a weekly close above $1,678, go long with a target of $1,760 and placing a stop loss at $1,635. Below there, short trades are called for.
