ran.wang.5095
Long

GOLD is forming technical bullish pattern

FX:XAUUSD   Gold Spot / U.S. Dollar
114 3 1
Gold             price is standing on a long-term bullish trend line after cup and handle pattern breakout. My bias is the price will receive support in the green area and then bounce to the upside. The first target is 1425 and second target is 1560.
Now I think the assumed Bullish consolidation pattern is forming up, and it's time to see how strong it is to determine the momentum.
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When would advise selling puts?
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ran.wang.5095 AlanSimpson
1200-1170 level
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