Friday 26 June 2015

GOLD Is About To Move To The Upside






I took a look at the GOLD charts earlier today and I noticed a very telling signal that it is about to move to the upside: a perfectly formed hammer candlestick visible the four hour filter chart right above the support at 1171.90. I expect it will start rising soon, but first it has to break above the resistance at 1175.35. Should it do so I expect a further move to the upside towards target 1178.70. Not to mention that if you take a look at the daily filter chart you will notice that it has formed a spinning top candlestick above the support and there is plenty of space to move up towards the resistance at 1182.00.

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