Bank Of America: "Gold Squeeze Gets Explosive Above 1270"

Tyler Durden's picture

Just out from Bank of America's head technician MacNeill Curry:

Gold gets explosive above 1270. Watch out.

 

With the US $ coming under pressure, the potential further gold gains is high and rising. 1270 IS KEY. A break of the 1270 pivot should be the catalyst for short squeeze higher, exposing the confluence of resistance between 1362/1399