Price made a clean break of the wedge pattern since I last posted moving over 250 pips.. Price made a weekly closure above monthly key level 1300, I am now expecting a touch to the 38.2 fibonacci before a continuation up.. 1305 is acting as a level of resistance, but with the momentum as it is can easily rip though & continue higher. Gold looking to continue bullish though 2018 in my opinion next target is 1332 & potentially up to 1372 monthly resistance!
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Monthly: Can we reach the 1560 area?! Only time will tell ; )
Komen:
Monthly downtrend line has been broken, which could mean a big upside move is potential..
Komen:
1305 broken, now heading to next area of strong resistance
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1332 we coming.. : )
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+150 pips currently .. : ) , since I first posted price has now moved 500 pips with no slowing down
Komen:
price looks to be rejecting an area of resistance at 1320, a slight pullback from here is possible