Gold - Major Bottom Forming? Bullish Falling Wedge Long

Gold/U.S. DollarFXCM

Description

⋅ Feb 5, 2016 12:44 PM

Keep an eye on Gold now that PMs are no longer the low man on the yield totem pole. A bullish falling wedge hints at the potential for a move up to $1300 over the coming weeks.

See how this pertains to the January NFP report.

XAUUSD

Comments

pipinglongstock

⋅ Feb 11, 2016 4:36 PM

You mean in the coming day! :)