Will the price of gold go up? Gold Explodes To The Upside

Will the price of gold go up?  Gold Explodes To The Upside

Will the price of gold go up?  Gold Explodes To The Upside

 
Will the price of gold go up? Gold markets exploded to the upside during the week, showing significant momentum to the upside. The $1520 level will offer quite little bit of resistance based upon the previous break down, and that i think there's a serious battle just waiting to happen

 A pullback from here should see many support underneath at the $1500 level though, but it's probably easier to trade this market from the daily timeframe or maybe even the four hour timeframe
Will the price of gold go up? If you're a longer-term investor though, gold does look because it is prepared to travel higher given enough time, but subsequent week or two could be a touch of back-and-forth chopping thanks to the shortage of volume
Will the price of gold go up? The bounce from the 38.2% Fibonacci retracement level may be a good sign also, because it was the huge resistance barrier that we broke out of the ascending triangle

 All things being equal, the market will probably have a look towards the highs again, not only based upon geopolitical concerns but also the central banks round the world continuing to stay the monetary policy very loose

 Will the price of gold go up? the dimensions of this candlestick are some things to concentrate to, but we are bit overextended to seem for small pullbacks to require advantage of because it will offer value and what's obviously a really bullish market. If we were to show around an opportunity down below the $1450 level, then the market will quite likely collapse, but I don't see that taking place anytime soon. We are build up pressure to the upside so therefore it’s only a matter of your time in my estimation