TipTVFinance

Gold – Flag and Pole formation on monthly chart

FX_IDC:XAUUSD   GOLD / US DOLLAR
Prices failed to hold above Flag resistance and now appear on track to test monthly 50-MA level of $1318 levels.

Also note; the monthly 50-MA has topped out and is now moving lower…towards monthly 100-MA. Losses this month and in the next month could result in a bearish monthly 50-MA and 100-MA crossover. The bullish crossover must have happened in 2002             .

Only a month end closing above flag resistance ( bullish break) would signal continuation of the long term rally.
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