Gold gets the positive momentum – Technical Analysis – 10-05-2016

Gold price fell under negative pressure affected by the minor double top pattern, to move around the exponential moving average 100 now, while stochastic gets the positive momentum now.

The main bullish track still valid as long as the price is above 1242.60, and the next target is located at 1400.00, as the effect of the symmetrical triangle pattern still valid.