quantguy
Long

Bullish on Gold

COMEX:GC1!   GOLD FUTURES
Nice bullish flag pattern for Gold             . We have a very strong uptrend which has consolidated nicely. It looks like a breakout may be imminent. In fact, due to the tumult in the market and currencies , I am surprised we have not seen it earlier. Perhaps it will capitulate at 2PM tomorrow with the FOMC minutes.
wenshan
a year ago
i think bearish,not bullish.
Reply
LowYiQian wenshan
a year ago
agree,if u see it in daily chart u will suppose found that bearish sign
Reply
quantguy
a year ago
I see where you are coming from. If you noticed, after I posted this, we did see a nice bullish breakout followed by a bit of a correction the day after. The fundamentals suggest it may be a good time to buy gold. See this article for example
http://www.businessinsider.com/china-investors-pulling-out-of-stocks-and-into-gold-data-2015-10
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out