GOLD 0.51% $1,391.7 gold futures

gold, page-128731

  1. 4,928 Posts.
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    Looks like a cup & handle formation on the daily charts.

    That formation gives us a target price of over AUD$4,100 an ounce over the coming months.

    https://hotcopper.com.au/data/attachments/6396/6396932-d08bed59ae9cc7c1031f3647403f34b2.jpg

    On the USD chart, it's a rough looking inverse head & shoulder pattern.

    That gives us a price target of over US$2,800 over the next 6 months.

    https://hotcopper.com.au/data/attachments/6396/6396947-26ac97fc5b9b05137d6dadd0c3cfee4b.jpg

    Both charts indicate a breakout is imminent for the next move higher over the coming months.
 
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