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Gold Price Analysis: Continuation Pattern Appears Ahead of September – DailyFX
The price of gold appears to be stuck in a continuation pattern after marking the longest stretch of gains (nine consecutive weeks) since 2006.
Gold Price Talking Points
The V-shape rebound in the price of gold unravels as the Federal Open Market Committee (FOMC) Minutes foreshadow a change in the monetary policy outlook, but the pullback from the record high ($2075) may prove to be an exhaustion in the bullish price action rather than a change in trend as a continuation pattern takes shape in August.
Gold Price Analysis: Continuation Pattern Appears Ahead of September
The price of gold appears to be stuck in a wedge/triangle formati…
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