Auguraltrader
Long

Gold is coiled for a breakout...

TVC:GOLD   CFDs on Gold (US$ / OZ)
Next week!

Gold prices had been consolidating within a triangle and it appears just about ready to break out of the triangle. Marked out the breakout point on the chart, and on the triangle.
The Sell signal should be invalidated and next week brings a new Buy signal.
Clearly MACD is bullish and supportive of a breakout!

Good upside to 1780-1800.
Feb 17
Comment: Here it goes!
As expected, it is moving through the region marked out.

Things is, Gold has been steady and creeping up... something about it signals the imminent retracement of equity markets.

This IS probably the last chance to get Gold before it hits 1800!
Feb 23
Comment: Whoot! Did you see what happened this week??

More to come... hello 1800!

Comments

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