GOLD, More Upside to come

16 Mar 2016

We've seen a sharp rise from 1086.60 to 1264 followed by a formation of a pennant. Then we've seen a breakout of that pennant and a retracement to the apex of the pennant. If we project the flagpole of the pennant upward, we obtain a minimum measurable target of 1400 for gold. Our SL will be at the low that touched the pennant apex.