Will The Bank of Japan Take Further Action to Halt Yen’s Bullishness?

Gold:

After failing to reach $1,300 an ounce on Friday, gold appears to be on its way to cross that level today. Currently, a bullish cross on the daily chart’s MACD indicates that gold still has plenty of upward momentum. If the metal will cross the $1,300 level it will mark a new all-time record. Analysts are not forecasting a downward correction in the near future. This may be a great opportunity for forex traders to join a very popular trend.