Gold Futures Holding Support, Reversal Higher Next?

Guy Cerundolo
gold futures reversal higher price targets bullish september chart image

Gold Futures Price Chart

Gold futures triggered a buy signal on the recent pullback as price held the lower end of its regression trend channel.

But traders need to keep an eye on this area (stops).

Momentum got oversold and is now hooking upward as well. 

I am bullish with a price target of $1580 for gold futures.

The author may have positions in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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