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VillageTraderZA

Bullish flag on Gold. awesome for gold miners if this plays out

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
VillageTraderZA  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
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trendanalysis chartpattern indicator
We have a beautiful bullish flag on Gold. When looking at the daily chart. Gold held the 200d EMA twice, making a higher low and a higher high. If Gold breaks and closes on the other side of $1900. If gold can break and stay on above $1900 my target for gold is $2150. We could see gold rising by 13%. That being the case Gold miners should rally as well. For now I wait.
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