DariusAnucauskas

Gold - Daily - We popped the cherry.

TVC:GOLD   CFDs on Gold (US$ / OZ)
The so long awaited 1300s have been entered with a bang. Gold has shot up steeply like that North Korean rocket.
Where do we go from here? Well, 2016 November high (US election day), the level of 1337 looks attractive.

I would like to see a retracement in order to fill that little gap that it made. A drop to 1312 would be ideal. Certainly, I would prefer a test of 1300, which will kinda be like a psychological level. But I will consider that only if we close below 1312.

I think September could be crazy on volatility , so Gold might have some good long swings. I suggest being very careful and try to have Stop Loss limits in place.

As always, keep an eye on the price action!
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