Midterm view on Gold - TECHNICAL ANALYSIS ONLY

The precious metal is consolidating by forming lower highs since the 5-year high 1440$ per ounce. In fact it has been a month we experience sideway movements while the daily traded volume remains steady. There is an upcoming volatility probably delayed by crucial pending news reports.

Possible Targets: 1500.00 or 1300.00 if the security enters a bearish run.

Advice: Stay bullish and buy at low points while we don't break down the demand level of 1380.00

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false breakout on top of the bull flag. The security remains bullish.

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Gold has been ranging for more than 2 weeks awaiting the fed cut news and the crucial US economic data this week.

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The Bull Flag was broken out pushing prices upward. We are eager to see 1500.00 by September.

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We are close to our target 1500.00

Trade stängt: målet nått