Wednesday, September 14, 2016

Gold:decision pending...

Gold has recently formed a (?)bull flag.Current price action shows that the flag will soon break.Below 1335 we favor a breakdown of the flag towards around 1265 (or even 1220).
Above 1335 and specifically above 1345 the next reasonable target will be 1376.5
We remain bullish on gold.However we believe that until the end of the year gold will move sideways...

Happy trading!