ChartsAvenue

is GOLD ready to breakout?

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TVC:GOLD   골드 (US$ / OZ) CFDs
On this weekly chart... GOLD is shown to be in an uptrend (higher highs, higher lows) YTD. The last higher low was made at a well tested support/resistance zone (light orange rectangle). Personally, I would wait for a breakout of the down trend line in place since its high in 2011 before going long, i.e. wait for a confirmation. If GOLD does break out, the measured move target is 1550.
코멘트:
Off we go!

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