bylerzone

GOLD weekly chart is showing a monster Bull Pennant

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold weekly chart. the first thing i see is the chart
is its a huge Bull Pennant and reading Classic bullish diveregence.
thats when
there is a higher low on price and a higher low on
RSI...listed in green are the next resistance/price target
and Red lines show support/price drop.
The weekly chart always shows the overall health
of any asset, and to me, Gold looks slow but healthy
and will just take time, or could explode if they allow
the chains to be broken so it can do its thjng.

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