DariusAnucauskas
Long

Gold - Weekly - Up... Up... And awaaaaay...!!!

TVC:GOLD   CFDs on Gold (US$ / OZ)
So Gold             managed to close above its nemesis - $1295.
Now, if this would have been just a Daily, then I would say that there is a risk of some downside. Still, a possibility of a quick retracement before heading higher isn't off the table.

My idea here is that it could re-test the 1295 or maybe slightly lower (23.6% or 38.2% Fibonacci) and then give us good move higher.

Looking for BUY levels after it does a bit of retracement (mentioned above) and aiming for $1340-$1350, for now.

There is not much to discuss here, to be honest.

Keep an eye on the price action!

Oh, and happy New Year, everyone! I wish you all a lot of profit in 2018!

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