Gold FuturesLong
Gold May Find Buyers at the Monthly Trend line
The monthly chart suggests that Gold will see higher prices in 2015.
A wedge bull flag (3 pushes down) at the trend line (TL) is a dueling lines (DL) pattern and is a reliable setup.
The bull flag corresponds to a 61.8% pullback support level.
First target is 1433, the top of the channel in August 2013. Next is a measured move up based on the height of the buy spike that may come here.
A wedge bull flag (3 pushes down) at the trend line (TL) is a dueling lines (DL) pattern and is a reliable setup.
The bull flag corresponds to a 61.8% pullback support level.
First target is 1433, the top of the channel in August 2013. Next is a measured move up based on the height of the buy spike that may come here.
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