This is a particularly important day for gold. Bullion is rallying after the FOMC meeting and the dovish view presented by its board.
This jump is very significative because besides reaching a 5-year peak, prices have broken out the resistances placed at $1,350/1,370, which have stopped price rallies in several occasions in the past few years. We are assisting to the opening of many long positions as well as the closure of many shorts, in a scenario that has turned more bullish for the precious metal.
