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2 Apr 2015
SEB: Gold seeing a head & shoulders bottom? – eFXNews
FXStreet (Barcelona) - Gold might rise to $1256 and $1304 on a break above $1220, views SEB, as noted by the eFXnews Team.
Key Quotes
“Very interesting price action yesterday with the yellow metal rising impulsively from the 2013 low area. Breaking above 1220 and an inverse head and shoulders pattern will be confirmed paving the way for a continued rise up to 1256 and 1304 (the latter being the ideal target for the head and shoulders bottom).”
This content has been provided under specific arrangement with eFXnews.
Key Quotes
“Very interesting price action yesterday with the yellow metal rising impulsively from the 2013 low area. Breaking above 1220 and an inverse head and shoulders pattern will be confirmed paving the way for a continued rise up to 1256 and 1304 (the latter being the ideal target for the head and shoulders bottom).”
This content has been provided under specific arrangement with eFXnews.