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 muchTrade closed: target reached
Target Reached
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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.