Sunday, 4 October 2015

Gold rallies strongly from trend line support, bull flag from 2011 high bottoming?

Weekly chart shows that in late July Gold began a rally from trend channel support. Previous rallies from the nearby trend line have been good for 200, give or take. Why expect anything different this time?

Daily chart shows Gold on Friday rallied strongly from trend line support.

Monthly chart presents the proposition (for now highly speculative) that a bullish flag could have bottomed, ahead of a run to record highs.

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