GOLD: IS 1500$ COMING?

Looking very likely. Bulls are jumping off the 100+200 Weekly MA, and we are seeing a bullish outside bar on the weekly chart. Indicating, that bulls are starting to get serious about moving higher.
Also notice this big bottom forming process the market is currently making, this is more likely to see a move to the upside.

Blessings to you all.

Kommentera:

Patience, bears might still make a push into 1250/1240$ to retest thebroken trendline, and 100DMA and 200DMA, from there a great buy setup might form with a stop below 1200$ and target 1370$,1400$+
Risk:reward would be tasty of course.