Gold looks very much like a buy right now.
The support at 1450 looks strong and I can see a rising wedge, pennant shaping up.
GOLD still remains above the Ichimoko Cloud.
The RSI seems bullish
Fib is putting a target around 1850 USD
All in all the case for GOLD is that it should be a safe long term bet, and the TA backs it up.
1st Target is 1850 USD -- however long term it is likely to just keep rising.
The support at 1450 looks strong and I can see a rising wedge, pennant shaping up.
GOLD still remains above the Ichimoko Cloud.
The RSI seems bullish
Fib is putting a target around 1850 USD
All in all the case for GOLD is that it should be a safe long term bet, and the TA backs it up.
1st Target is 1850 USD -- however long term it is likely to just keep rising.
Trade closed: target reached:
Target met, likely to keep going for years, there was a dip at 1850, but not much
