CFDs on Gold (US$ / OZ)
Long
Updated

Gold Ascending Triangle

447
Current View: Short-Term: Bearish, Mid-Term: Bullish, Long-Term: Bullish

Gold is forming an ascending triangle and is looking to break out higher. Short-term bearish as we move down and up in this triangle pattern; this could be a short play. I'm looking to accumulate on the dips. Overall, I am long-term bullish for gold.

Eddy Yang
Note
Watch my Gold and Silver Forecast for 2018 here: m.youtube.com/watch?v=Ahj3k1pVvwg
Note
Long-Term Gold Forecast:
Gold $5,000+ in the 2030s to early-2040s
Note
Gold has broken below the support line; crucial support level at $1,200.

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