Dear fellow traders,
It is possible that gold made it's top for this time, even if it entered a bullish trend now since last week, a small retracement is possible, the best level for this would be 1250 to confirm this new uptrend. If so, the bulls will be in charge for the upcomming week(s).
The targets for this week if a retracement is going is 1250/1245, if this is reached it would be a very nice position to open long with targets 1315, 1322 and 1331 for the week.
In extend, possible targets are 1344 and 1363.
For more information, please visit my blog as mentioned in my profile.
It is possible that gold made it's top for this time, even if it entered a bullish trend now since last week, a small retracement is possible, the best level for this would be 1250 to confirm this new uptrend. If so, the bulls will be in charge for the upcomming week(s).
The targets for this week if a retracement is going is 1250/1245, if this is reached it would be a very nice position to open long with targets 1315, 1322 and 1331 for the week.
In extend, possible targets are 1344 and 1363.
For more information, please visit my blog as mentioned in my profile.