The monthly chart suggests that Gold will see higher prices in 2015.
A wedge bull flag (3 pushes down) at the trend line (TL) is a dueling lines (DL) pattern and is a reliable setup.
The bull flag corresponds to a 61.8% pullback support level.
First target is 1433, the top of the channel in August 2013. Next is a measured move up based on the height of the buy spike that may come here.
A wedge bull flag (3 pushes down) at the trend line (TL) is a dueling lines (DL) pattern and is a reliable setup.
The bull flag corresponds to a 61.8% pullback support level.
First target is 1433, the top of the channel in August 2013. Next is a measured move up based on the height of the buy spike that may come here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.