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2ndSkiesForex

Bullish Opportunity in Gold @ Critical Support Zone

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
2ndSkiesForex  
FX:XAUUSD   Gold Spot / U.S. Dollar
5
8
Finding a short term base between 1212 -1221, Gold has bounced off this support zone 3x now with each bounce hitting 1250. We will watch for a buying opportunity in this zone, watching for the bids to hold, targeting 1250 and potentially 1267 with tight stops below the zone. A daily close below 1200 targets 1180.
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