GOLD LONG TERM OUTLOOK

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With a key FOMC rate decision on the calendar for next week, in which market participants are expecting to be very dovish, we are expecting Gold to form a new higher high and for the bulls to enter the market strongly. a less of a dovish outlook and we could likely see a pullback to around the 1375 area where our support zone is located. the longer term outlook is to see gold rise to 1500 and above as numerous articles and market analysts have indicated.