Current events in Cyprus could be the catalyst for the next major up-leg in Gold price, but it would need a sustained break above key level to trigger the next leg up to go to at least $1800.
However, it would need a clear break above $1800 to cause a panic short-covering rally.
Key Point-of-Control Level is $1640
First Resistance = $1800
First Support = $1540-$1560
April Gold Futures Chart
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