Outlook for Gold: BofA Merrill Lynch

We reiterate our view to buy gold (despite the growing bullish evidence for the US $). The completed, intra-day impulsive advance from 1143 (Mar-17 low) says the Gold trend has turned bullish. 

This current pullback from last Thursday's mini blow-off should be seen as a buying opportunity and not exceed the Mar-17 low, at 1143. 

Upside targets are seen to 1307/1345 and, potentially, beyond.