Razvan

GOLD - Pressure on the 200 EMA

Long
COMEX:GC1!   Gold Futures
1
The price for Gold is putting some pressure over the 200 EMA resistance. The ascending triangle may soon break the resistance (a majority of 14 of 26 bloomberg analyst believe that it will break this week). The target for the triangle would be the trend line (the upper line of the bigger descending triangle ), and after that we can expect a rebound. There is a breakout on the RSI , that should be confirmed by a breakout in the price action.

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