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.
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
i think bearish,not bullish.
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LowYiQian wenshan
agree,if u see it in daily chart u will suppose found that bearish sign
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