FDNYret

Higher highs and higher lows since March on weekly Gold chart

Largo
FX:XAUUSD   Oro al contado/Dólar estadounidense
I expect Gold to rally from here. Last week I closed my short position and went long Thursday morning with Gold trading at $1180 and change. Notice since March the higher highs and higher lows. I expect a breakout above $1232 and a run to $1248-1298 by the end of June. I believe the trend has changed from bearish to bullish, with gold bottoming at $1130 in November 2014. The higher low this March at $1142 and higher lows since then. A buy signal on a monthly stochastic is evident also. June should be a great Month to be long Gold imho. Good Luck.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.