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TradingEthics

GOLD CAN FIND STRONG SUPPORT at 1445 area

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
TradingEthics Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Chart Patterns Beyond Technical Analysis Trend Analysis demand_zone
6
0
chartpattern beyondta trendanalysis demand_zone
I speculate that 1445-1429 area on gold represents a significant support/demand area because of the pattern (drop-base-rally). Price is expected to come into the area and trade for a bit before a move to the upside targeting 1520 and probably higher.
Comment:
Price is now trading significantly higher after weeks trying to take out the supply level around $1480. $1520 is still the target but correction is possible before we get up to that level.

Merry Christmas to everyone.
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