Gold : 1000 $ yes, above 1033 $: ?

Yearly trend: bullish for more than 2 years.

On a yearly basis, a bullish parallel pattern is in progress. The dynamic for each band is very strong. PY will cross MY in more than two periods.

Idea: bullish non-crossover for our stochastic.

 

Long term: bullish above Historical High (1033)

On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is bullish. The status in progress for our MACD could be a bullish non-crossover (at Q3 close). Above 1033 a new bull move will develop. On a monthly basis, Bollinger bands spread is not minimal but could continue to increase. Our 7 / 23 moving averages will continue to rise with a bullish non-crossover as a status. A weak bullish non-crossover is in progress with our stochastic.

Idea:  1033 as a first target if PM (1006.5) fails as a resistance.

R = PM (1006.5), 1033, UQ (1053), +++;    S = MM (900)

 

Medium term: higher (?) but not bullish

On a weekly basis, Bollinger bands spread is not minimal and Bollinger bands are not expending after a close above UW. Our 7 / 23 weeks moving averages are up with a bullish non-crossover. As long as our MACD is not overbought, the rise will continue.

Idea: nothing to do as long as 1033 = resistance

R = PM (1006.5);    S = MW (943.6)

  

Short term: no ATDMF bullish pattern (at the time being)

On a daily basis, UD / LD spread is expending. Our 7 / 23 days moving averages are up (bullish A type crossover). A bullish non-crossover is in progress with our MACD. As long as our MACD is not overbought, the rise in progress could continue.

Idea: Bullish parallel pattern with a bullish crossover PD / MD + LD lower and 1033 fails as a resistance.

 

R = PM (1006.5), 1033, +;    S = 980 (03/09 top)

  

Conclusion: bullish above 1033.

 

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