View full page at metalsmine.com

 

Gold Price Forecast - Gold markets break out

From fxempire.com

{video} Gold markets broke out during the trading session on Friday, slicing through a major downtrend line and breaking through a ton of resistance. At this point in time, it looks very likely that we continue to go higher based upon what we see.Gold markets rallied significantly during the trading session on Friday, slicing through the downtrend line that has been so important for so long. Beyond that, the $1300 level is in the rearview mirror, so that obviously is a very bullish sign as well. The fact that we closed at the top of the candle stick, shows that we have a ton of support for the market. At this point ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis