Spot GOLD Continues to Act Well Technically Atop an 11% Advance off of its July Low

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Below is what we discussed just over one week ago. Since then, Spot GOLD has climbed 3.3%, but most impressively, let's notice that the price structure is threatening to close above its 3-year, down trendline, and both its 10- and 40-Week EMA's, for the first time since mid-Jan 2015. From an intermediate-term perspective, Spot GOLD is poised for additional—possibly, surprisingly-powerful-- upside that points to target zones at $1250 and $1360/90. MJP 10/16/15 The big, big, picture of Spot GOLD

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