GOLD Monthly Chart – Bullish Scenario.
GOLD (US$/OZ) TVC:GOLD
Overhead resistance could be very difficult to break. The technical significance of the 1350 to 1390 resistance zone cannot be over- stated. Nevertheless I believe Gold is bullish in the long run. After 60 months consolidating the previuos bullish trend , it is likely that the price will rip through resistance to commence a new bull trend.
Good luck fellow traders