Very interesting bullish setup forming on gold futures. After a strong rally that sent gold to all time highs early August, the shinny metal been pulling back forming a 2 month bull flag pattern.
There are 2 interesting bullish confluences taking place:
1) Gold found support at the rectangle chart patter price target where it bounce in late September (Green line on the chart)
2) The flag breakout, if it happens in the next 2 to 3 days would break gold futures out of the flag AND back over the ATH set back on September 2011 (the purple line on the chart).
There are 2 interesting bullish confluences taking place:
1) Gold found support at the rectangle chart patter price target where it bounce in late September (Green line on the chart)
2) The flag breakout, if it happens in the next 2 to 3 days would break gold futures out of the flag AND back over the ATH set back on September 2011 (the purple line on the chart).
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