GOLD: 'V-Bottom' pattern

GOLD: 'V-Bottom' pattern

2019-11-11 • Updated

The last 'V-Bottom' pattern pushed the price higher. However, the Moving Averages have acted as resistance, so there's a green light for a local decline. In this case, we should watch the closest support at 1279.32 - 1276.96 as a potential bearish target. The subsequent pullback from this level could lead to another bullish price movement towards 1286.15 - 1295.25.

24-4-2019-GOLD-H4.png

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