mbrennan
Long

Gold May Find Buyers at the Monthly Trend line

COMEX:GC1!   GOLD FUTURES
33 0 2
The monthly chart suggests that Gold             will see higher prices in 2015.

A wedge bull flag (3 pushes down) at the trend line (TL) is a dueling lines (DL) pattern and is a reliable setup.

The bull flag corresponds to a 61.8% pullback support level.

First target is 1433             , the top of the channel in August 2013. Next is a measured move up based on the height of the buy spike that may come here.
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