Gold Mid Term Target 1850 - GOLD USD Bullish

Gold looks very much like a buy right now.

The support at 1450 looks strong and I can see a rising wedge, pennant shaping up.

GOLD still remains above the Ichimoko Cloud.

The RSI seems bullish

Fib is putting a target around 1850 USD

All in all the case for GOLD is that it should be a safe long term bet, and the TA backs it up.

1st Target is 1850 USD -- however long term it is likely to just keep rising.

Trade geschlossen: Ziel wurde erreicht:

Target met, likely to keep going for years, there was a dip at 1850, but not much