cardinal_m

Gold Buy Opportunity

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi Traders .
We had target at last analysis and after price touched resistance line and move down.
Now price touche a strong uptrend line and at the same time, downtrend line break and retest formed. So, if uptrend line push the market up , there would be a good buy opportunity . In this case we have two possible target.
TP1: Resistance line 1966 / TP2: Downtrend line 1974.5
for SL we could count on uptrend line . This line will act as a strong support so there would be a good SL , below the line about 1946.5
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