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BCMel

Simple channel readings of spot gold

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
BCMel  
FX:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Technical Indicators Gold
3
0
chartpattern indicator gold
Spot gold met predicted resistance at the top of multi-month and daily price channels. The only question here is how much gold will pull back.
A pullback to the previous resistance area (marked as pennant formation) might be a fair call in this bull run.
MACD and RSI levels would support this scenario.
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