SBM 1.41% 35.0¢ st barbara limited

Gold futures are set to stage a bullish breakout, based on the...

  1. 1,563 Posts.
    lightbulb Created with Sketch. 318


    Gold futures are set to stage a bullish breakout, based on the daily chart. After extending upside movements on Friday to close at $2,473.40/oz, gold futures are poised to break beyond resistance at $2,477.00/oz. The latest bullish price action, together with a rising relative strength index, suggest upward momentum is picking up and this momentum should propel futures to stage a bullish breakout. Should this occur, gold futures may extend their uptrend toward higher resistance at $2,600/oz.


 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.