CFD Oro (US$/OZ)Long
Price Prediction: Gold within 1-3 Years $2500 or $1300.
- Gold is trading in a bullish rectangle pattern, since the previous trend before the current 2 year trading range was upwards.
- Closing above $2075 starts painting a picture of price likely headed towards $2500.
- Closing below $1685 and then the $1620 ish area starts to get bearish towards $1300.
I am personally long the gold sector.
- The fundamental picture suggests a huge asset crash across the board, on the horizon.
- The technical picture (until otherwise) draws a bullish rectangle pattern, which would mean price likely climbs towards $2500.
**This is not financial advice or financial recommendations.
- Closing above $2075 starts painting a picture of price likely headed towards $2500.
- Closing below $1685 and then the $1620 ish area starts to get bearish towards $1300.
I am personally long the gold sector.
- The fundamental picture suggests a huge asset crash across the board, on the horizon.
- The technical picture (until otherwise) draws a bullish rectangle pattern, which would mean price likely climbs towards $2500.
**This is not financial advice or financial recommendations.
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