mrtommifunn
Long

Golds last push before correction?

FX:XAUUSD   Gold Spot / U.S. Dollar
78 7 3
Gold             is in a bull trend but could 1372 be the coming target before a correction comes? Then the bull trend will resume to over 1400.
two charts to worry about. This first one 1 hr shows a modest rise back up to 1357, but its the second that is more concerning.
snapshot
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snapshot
This consolidating now with further buying potential.
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I suspect gold might be forming this pattern.
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Forgot to mention it has just broke through the trend line to the upside
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It is struggling to get up. Volumes are low and 1372 might be a bit of a push. I have now locked in my profits taking all that i can on this ride up but getting ready for the drop.
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