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Gold is heading towards an important zone -- time to switch?

Gold Futures (MCX:GOLD1!)  
MarketsWithKR  
MCX:GOLD1!   Gold Futures
Trend Analysis Chart Patterns Beyond Technical Analysis Gold MCX goldtrading goldidea goldinr goldlevels Commodities
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trendanalysis chartpattern beyondta gold mcx goldtrading goldidea goldinr goldlevels commodities
After recovering from the retracement, GOLD1! is headed towards the trendline resistance. With equities facing some headwings globally, gold might be in focus from a swing/positional pov. Closely monitoring as I'd booked profits approx at current levels a couple of weeks ago. With the 50 weekly MA also approaching soon (48900 levels) it will be interesting to see if price breaks out.
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