No Clue. Simple As That. We Just Have To Watch This One.
Breaks 1700 = 1720/1740 Possibility
Resists 1700 = 1640/1620 Possibility
It's all up in the air at the moment.
SL : 1323
TP : 1500
Gold prices broke out hitting fresh 18-months highs and closing near 1,359. Support is seen near the former break out level at 1,346. Resistance is seen near the 1,370-1,375 region and then 1,392, and up to 1,423. Short term momentum has turned positive as the fast stochastic generated a crossover buy signal. The current reading on the fast...
As Gold is showing its strength again after the Non-farm payroll news on Friday, so we could trade it up by waiting for a real breakout with upward perspective.
This trade would be in line with a double top pattern and would give you a measured target as in the picture.
Possible short term long position for GOLD. Price has remained above both 200 and 50 EMA indicating long bias. The chart may look confusing as there are a lot of lines but these are just different trend channels that I have indicated and you can see the most accurate trend line channel is the parallel channel indicated as blue. The price has broken out of this...
