Gold Technical Analysis: Yellow Metal In Slow Bullish Trend

By Gold Pattern (Gold Pattern)CommoditiesNov 29, 2017 12:37

ca.investing.com/analysis/article-200196418

Gold Technical Analysis: Yellow Metal In Slow Bullish Trend

By Gold Pattern (Gold Pattern) | Nov 29, 2017 12:37

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Gold Price Technical Outlook from Gold Pattern and the next rising bullish price movement

By analyzing the chart of gold prices on the global market exchange we find gold formed a series of successive bottoms and a set of consecutive peaks. The price of the ounce of gold has four previous lows since the end of last October so far, and the current bottom is the fifth. It is clear that each bottom is higher than the previous one and the price of gold in the four consecutive peaks each was higher than the previous peak. Thus, the price of gold is is in a bullish trend, but this bullish trend is slow.

The price of gold near 1283 levels is testing this bullish trend line in the near-term, which is expected to push gold prices higher.

Gold Technical Analysis and Gold Recommendations, trading signals

It is preferable to buy gold

buy @ 1283

tp1 @ 1297

tp2 @ 1307

sl @ 1276

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Gold Technical Analysis: Yellow Metal In Slow Bullish Trend

Gold Price Technical Outlook from Gold Pattern and the next rising bullish price movement

The price of gold near 1283 levels is testing this bullish trend line in the near-term, which is expected to push gold prices higher.

Gold Technical Analysis and Gold Recommendations, trading signals

It is preferable to buy gold

buy @ 1283

tp1 @ 1297

tp2 @ 1307

sl @ 1276

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