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Video: Gold in Bullish Market

November 12, 2009 at 11:43 by Andriy Moraru

This gold trading technical analysis video brings up the update of the current market situation with this popular commodity. The author of the video demonstrates an inverted Head and Shoulder chart pattern that formed on a daily chart since March 2008 and triggered a strong bullish trend in early October this year. The technical analysis suggests next long-term targets at $1,250-$1,300 per ounce. But the speculative and highly emotional nature of the bullish gold market can push it significantly above those levels.

Video created by MarketClub.

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