Gold – An update to last month’s “Is Gold nearing a breakout?”

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Yes, we got the answer. And Gold did break out out of the triangle & a major LT trend line resistance in August. The long term target (originally forecast in Dec 2016) now looks a little easy. Rest assured there are going to be some resistances along the way but I am not wavering from this 2017 target of 1372.

Gold Aug 28

Link to the July 27 article “Is Gold nearing a breakout?” here

 

About Venkat Pulakkad

Entrepreneur, management consultant, blogger & forecaster. Founder of Flourish Research Media that provides insights on markets, trading strategies & risk management. Currently an active trader with 20+ years of experience trading Forex, Stocks & Options. Areas of interest: Trend / Swing trading, Macro-tech analysis, building trading strategies, deploying Risk Management techniques, and helping / coaching traders to become successful traders. Twitter link: https://twitter.com/Flourish_Venkat      
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