perlboy
Long

Gold: Short term Short, Long term Long

FX:XAUUSD   Gold/U.S. Dollar
62 0 0
Looking at a longer term Gold             pattern we see Gold             has broken through the descending triangle started in 2013. It then rallied up to Kumo & 23.6% Fib Resistance before pulling back. In the short run Williamson21MA and CCI is looking a bit exhausted however there are significant Bullish tendencies in both Willy, RSI and PPO readings.

Therefore I think a minor retracement, potentially as low as $1200 before we see another attempt (and probable success) at $1300 resistance. I'd be guessing the $1300 level will be broken by Q2 2015.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out