Recently, Gold has been trading upwards. The price tested the level of $1,245.00. According to the H4 time – frame, I found that there is the breakout of the bullish flag pattern (bullish), which is sign that buyers are in control. I also found the successful rejection of the support (lower diagonal of the rising channel) at the price of $1,234.00, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of $1,250.00 and at the price of $1,266.70.
