CFDs on Gold (US$ / OZ)Updated Gold Price Weekly Chart Analysis based on trend lines
Traders who keep a watchful eye on gold price forecasts, watch and see if the price will push up the blue area in the chart as I think the major resistance trend lines are broken up and the price will soon form a new bullish trend.
Note
As mentioned and expected The gold price jumped up after the major resistance line broke, now major resistance is at 1480 I think. We then wait for the pullback to the resistance line which has become a support line now. Buy Gold as much as you can on this line and even if the price pushed down further do not be scared.
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