Gold-- will it hit 1500 soon

Gold continues to move in a Rising Trend Channel . From Chart B, We do spot a Head and shoulder Formation with a deep U connected with a Long handle toward the end, a pattern indicating its Bullish Trend.

The Gold has just touched the 1250 level which is almost lying in the mid of the Rising Trend channel.

Technicals indicate BULLISH near/mid term, , with immediate resistance at 1265, above this level may expose  1375 (50% between  1044 low to 1265 high).) , and beyond.

Rising Trend Channel

Head and Shoulder formation

Daily chart

Happy trading