Loading ...Gold Monthly
We have a BIG bull flag for gold which had started to break out from the top rail.
Nice volume build up, RSI neutral to +ve i.e far from overbought, MACD just crossed over above zero and there’s a confluence of moving avgs that are converging upwards to provide support.
These moving avgs and 100 MMA are pinching nicely in the region of the bull flag top rail too.
So I am thinking Gold has the MOJO to break out of the bull flag in a convincing manner….1st stop $ 1315-1320 ?
Great chart. Thanks. Everything is ideally poised for a big upside move on large volume. If you can see it, and I can see it, I’m damn sure the big traders can see it. Fireworks in the next week or two. If not, this will be the biggest fail of all time 😉
Thanks Marauder.
Thanks.