Gold getting some shine back?


ETFS Metal Securities Austrailia Ltd (GOLD:ASX) is testing the resistance of it’s BIG +5 years consolidation range. Check out the 10 monthly candle chart.

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More of the same on the weekly candle chart.

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Zoom in on the 1 year daily candle chart shows the fast bullish action to the resistance (breakout line).

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My alerts are set. A monthly candle close above 170 gives me a mesured move appiled to breakout line target of 210.

 

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