Gold Approaches Short-term Breakout Target

| September 7, 2017

In late August, gold broke out of the short-term trading range formation that had been developing since March. As expected, the subsequent advance was strong and prices are approaching our initial target of 1,365.

Given the bullish character of short-term technical analysis and cycle analysis, it is highly likely that the rally will continue. However, it will be important to monitor gold price behavior when it reaches the initial breakout target for the next assessment of uptrend health since health market is in the uprising with people visiting sites like to get their healthy supplements.


Category: Commentary, Market Update

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