Gold will touch 1560 ?

XAU/USD Positional Analysis :

Daily Chart :

Gold Daily Chart
Gold Daily Chart 


On 7th Nov Gold Spot has made Low of 1460.

Daily chart having Double Bottom pattern appeared if hold 1460 on closing basis.

The neckline of the Double Bottom is around 1518. Closing above 1518 shoot towards 1560.

Bulls have first hurdle 1490. Keep watch at 1490 and 1518 for further trend. 

Bears will get control below 1459 for the 1445 and 1436.

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