Update: Gold price hits the target

Gold price rallied upwards to surpass our waited target at 1703.25 and attempts to hold above it, which supports the expectations of extending the bullish wave on the short term and medium term basis, reminding you that our next target reaches 1770.00, supported by the EMA50 that keeps carrying the price from below, noting that holding above 1703.25 represents initial condition to conitnue the current bullish rally.