Price may retest resistance level on the upside at 1.06246. If price retrace back to mid BB, it will be a good entry point to go long. Overall price is making a steady bullish move. Take profit 1 at 1.06261 with 33 pips and profit level 2 at 1.06549 with 61 pips. SL at 2 pips at lower BB level. G'luck!
Hi All,
I've been refining my charts since my last post. Here's the new chart layout:
Red Bollinger Band with standard 2.0 STD and 20 day midline.
8 period MA - yellow line - *new
6 period MA - purple cross - *new
Closing Price pushed out 5 days - *new
On Tuesday, Gold closed at the 8 day MA, having cracked the 6 day MA. Then on Wednesday, Gold broke...