KeytoMarkets

Gold: On the verge of a breakout

Long
KeytoMarkets Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
The precious metal rose by 0.70% posted a high at 1339.06$ but unable to breach the potential resistance seems to be at 1341.00$.
A move above 1342.00$ target 1347.00 and 1350.00$.
The price has been trading in a descending wedge pattern, which is a bullish factor. The daily RSI and oscillator studies also indicating the same.
Trade closed: target reached:
Target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.