Bullish on Gold. Consolidation?
I held figuring it was going to hold a bullish trend, however I realized the strong correction the next trading day. As I analyze the chart, I can see that we're testing the 20MA on the daily chart and we're still remaining bullish on the 50 day MA. Looking at the interest in alternative currencies, I feel we can remain bullish after the correction. When I look at the hourly, we're consolidating into a bullish pendant so this could mean a return to a bullish trend moving forward. Silver follows closely with the Gold patterns.
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