BCMel
Long

Target for gold futures contract GC1

COMEX:GC1!   Gold Futures
The front running gold futures contract has broken the 50 DMA and a shorter-term uptrend channel going back to gold's August 13 low. The 1350-54 zone appears as a reasonable target sitting at the top of a long-term (three-year) wedge pattern on the weekly chart.

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