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5/2/2016 12:54:35 AM

Gold - Technical Analysis: Monday, 02/05/2016 04:54 GMT



Breaching the resistance line of the symmetrical triangle offers strong positive motive that supports the continuation of the bullish trend on the medium term basis, and the price gets continuous positive support by the exponential moving averages 50 and 100, to target 1400.00 levels in the upcoming period.

The negativity that appears on the technical indicators might push the price for some decline before heading towards our waited targets.


Target
Risk


Support
Resistance


Trend Bullish

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