Gold's current bullish trend may extend on to 1900.00 and beyond.
Current GOLD market price consolidation (formation of bullish flag) may be a significant catalyst to the rise in the price of the metal.
GOLD'S RECENT CLOSING PRICE SIGNIFIES A BUYING PRESSURE IN THE MARKET WHICH MAY CAUSE THE PRICE OF THE COMMODITY TO RISE TO IT PREVIOUS SIGNIFICANT HIGHS 2000.00
CLOSING PRICE 1930.00 AREA, TENDS TO TAKE OUT RECENT SIGNIFICANT HIGH 1913.00 AREA CAUSING A CHANGE IN MARKET STRUCTURE.
THE CURRENT CLOSING PRICE ALSO SHOWS A BREAK OUT OF A TREND ON THE DAILIES CHART...
Gold getting ready to move on the ups . Currently sitting at PRICE 1464 area, possible bullish move could drive GOLD to 1475 area.
Traders should look out for signs of weakness and carefully read patterns to find a good entry.