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Gold wants to break 1377

Gold is technically challenging the 1377 resistance
we can see on the weekly chart that price action is creeping up towards that target:
We can see a wedge pattern - a bullish wedge that is about to close down,
and the price should be pushed through the upper border before too long
On the daily chart - if we take a closer look,
we can see the price unfolding in the upward direction,
the price should be pushing the upper boreder around 1366 - trying to reach 1377, in October:
Breakout on the dail…
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AdamFx42 27 Ago

starting to creep up ---  wait for it, wait for it ...  :-)

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Gold on the Rise after Completing Pattern

Gold is showing signs of another move upAfter hitting the target of a Rectangular Pattern that we can see on the weekly chart, I will now be estimating the retracement up:As we can see on the weekly chart XAU/USD has completed a Rectangular Pattern and hit the target a couple of weeks ago, a pullback from that target should start now.Gold has been under great pressure, and although the bounce was huge from the target initially, Gold continued its decline afterwardsNow that Gold has stabalized th…
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Waiting for 1200 to hold, and a push back up this week - USD may weaken some and give gold some room

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AdamFx42 21 Jul

1300 is in sight - a break will signal strong bullish action and 1400 may follow soon after

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AdamFx42 26 Jul

Above 1300 now - lets see if we can push up a lot more coming week........

annatimone avatar

I think price of gold a lot depends on US interests rates and unemployment

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piter44 19 Ago

Going higher but there is one truth, gold and other materials grow 3 times slower then fall ;-) I play only short ones on this precious metal :)

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