Out!
Out of a triangle as expected, Gold broke out just today, having gapped up (on the futures GC1!) as well.
It is an all systems go with very nice technical support from the ATIS system Buy signal upon breakout, as well as MACD crossed up and crossed over into the bullish territory. The 55EMA had been bounced off, as well as it is trending upwards too.
Pattern wise, the upside is targeted to 1850 immediate resistance and eventually at 1980.
See previousl posts about Gold for earlier entries.
Out of a triangle as expected, Gold broke out just today, having gapped up (on the futures GC1!) as well.
It is an all systems go with very nice technical support from the ATIS system Buy signal upon breakout, as well as MACD crossed up and crossed over into the bullish territory. The 55EMA had been bounced off, as well as it is trending upwards too.
Pattern wise, the upside is targeted to 1850 immediate resistance and eventually at 1980.
See previousl posts about Gold for earlier entries.
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