(Kitco News) – The Commerzbank FICC technical team are looking for a move higher in gold and have also noted the recent trendline break. Karen Jones and Axel Rudolph say “Gold has is eroded the 200-day ma, the 55-week ma and the 2020-2021 trendline. We target the 1959/65 November 2020 high and the 2021 high. This guards the 187/78.6% retracement and the 2072 2020 peak. Longer-term we believe that this will also be overcome.”.
