Gold Price Forecast: Flag Forms as Double Bottom Breakout Stalls
Gold Price Forecast: Flag Forms as Double Bottom Breakout Stalls - Levels for XAU/USD Advertisement Gold Price Outlook: Ever since clearing consolidation resistance in mid-April, gold prices have been tediously moving sideways.But gold prices may simply be flagging – in a bull flag, that is – after establishing their double bottom, meaning that more upside may be ahead yet. Seasonality, which was extremely bullish for gold in April, has taken a dramatic turn: May has been one of the worst, if not the worst, months of the year for gold prices. According to the IG Client Sentiment Index, go...
Source: dailyfx.com