NAB Technical Strategy Research discusses Gold technical outlook and notes that the Weekly MACD and DMI have produced prominent bullish triggers in December / January and confirm a sustainable MT uptrend bias.
Trend line dating back to 2013 highlights interim resistance at 1350/1355.
A monthly close above 1350/1355 will initially target 1375/80, the break of which confirms significant bullish LT trend change and opens up 1480+," NAB argues
Source: NAB ResearchOriginal Article
