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AGOSE97

$GOLD / $GLD multi-year #bullish hold.

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CFDs em Ouro (US$ / OZ) (TVC:GOLD)  
AGOSE97  
TVC:GOLD   CFDs em Ouro (US$ / OZ)
Trend Analysis Beyond Technical Analysis Technical Indicators Gold Metals GLD Bullish Patterns Commodities LONG TERM longterm
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trendanalysis beyondta indicator gold metals gld bullish commodities long term longterm
Over the last few years, the monthly chart on the gold spot price has printed higher lows while creating a strong resistance at $1,366/oz. As the stock market continues the recession trend, commodities are used to hedge those losses which will only help increase the price of gold.

Technicals:
Support - increasing trendline
Resistance - $1,366
MACD - Almost bullish cross on the monthly

GOLD or GLD

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AGOSE97
$GOLD looking for a breakout
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