Let the rallys begin...

Gold has been teetering between the $1500-1550 resistance range for a while, undecided whether to turn in favor of the bulls or the bears. It this tug of war, it seems the bulls have pulled the gold rope over the line, breaking the resistance and rallying through $1570 yesterday. It seems $1600 is a near term certainty, the question remains how further could gold rally?

Take into consideration the Eurozone is looking less stable and the Fed's hinting at QE3, will we see $1800 gold by year end? Not sure how far the bulls can pull the gold rope, though they certainly have the stronger arm at the moment..