aussiemarkets

GOLD Bull Flag, Breakout Pull Back Set up Daily Chart

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Stop Loss Below 1785

Partial Limit Order Profits 2261

Can take the whole position off at 2500 if we get there.

Goldman Sachs last week raised its forecast for the gold price to $2,500 over the next six months, up from $2,050 previously. Goldman said it expected to see demand for gold increase this year from ETF investors, consumers in Asia and central banks.
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