Gold breaks above 6 week trendline
Current price is above the six week valid downward slopping trendline (bullish); current price is above its very short term 13 day simple moving average (bullish); current price is above its 25 day minor intermediate term simple moving average (bullish); 13 day rate of change is above its zero line (bullish); 4 day rate of change is above its zero line (bullish); very short term AROON UP 5 day at 100% (bullish).
Conclusion: LONG positions can be technically supported for short term price target at $1,735 and intermediate term target at $1,860 in extension with stop at $1,615.
Conclusion: LONG positions can be technically supported for short term price target at $1,735 and intermediate term target at $1,860 in extension with stop at $1,615.
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