Gold Futures Trading Chart
I am still bullish on December Gold Futures.
Gold is trading above its up-trend line and just above the descending trend line of its recent triangle pullback.
Momentum is attempting to turn higher here from what our oscillator rates as a normal pullback.
Long traders would be wise to set stops at $1900 to minimize risk. Gold is currently trading around $1940. We will need to see another buying thrust higher to confirm a bullish stance.
A move higher would likely target between $2130 and $2150.
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