DislikedGold: Risk remains for a break higher – Commerzbank 15 October 2019, 15:51 In view of Karen Jones, analyst at Commerzbank, Gold’s price action continues to resemble a consolidation pattern. Key Quotes “We view this in a bullish light and would consider a close above the near term resistance line at 1515 as the precursor to a challenge of the 1557.29 4th September high.” “Gold has previously completed a major base. This offers an upside measured target to 1690/1704 longer term. The recent low at 1459 is regarded as an interim low and together with...Ignored
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