ran.wang.5095

ran.wang.5095

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.

ran.wang.5095

From the monthly chart in Mar., the price formed a doji within a tight price range between 6.6-6.45. My bias is to keep bullish on US dollar against RMB, but short-term consolidation within 6.6-6.45 range is necessary to breakout 6.6 level.