- Bullish channel
- Bounce of support at 1532 area
- Resistance of mini channel broken (1540)
- MACD ad Oscillator showing bullish potential
- In agreement with moving average bullishness
Above is a 13 year chart of the price of gold in GBP(£), each bar on the chart represents 1 month of price action for gold.
The first part of this post talks about the price action of gold vs GBP over the 13 years, the second half states the bull/bear cases for gold going forward, it would be great if you add your own bull/bear cases so we can get a discussion...