TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold closed the week above the pennant consolidation pattern, after putting the hammer down on the uptrend line, which is the 20 day moving average on the 1 day chart.

Momentum thus maintains upward trajectory, and in my opinion, which will be clearing USD 1300 this week.

100 day and 50 day moving averages have closed the week above the 5 year downtrend line.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.