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GOLD - simple bullish (and bearish) scenario

Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
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OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Gold goldtrading goldidea goldusd goldanalysis goldforecast
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trendanalysis gold goldtrading goldidea goldusd goldanalysis goldforecast
Hi guys. As you can see Gold is forming pennant what could mean continuation of the current consolidation phase. If we will see break to the upside (more likely) gold could rally up to 1400 levels. Breakdown from here would return to some previous supports (1240, 1200)

Take care!

-DP-
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