Gold - 1375 is still on the table
Trend is still bullish. Previous higher high of ~1325 level worked as a good support.
1325 was the first possible dip level to place the first buy order. Next, I wait for EMA10-EMA25 cross above EMA50, which would be around 1335-1340.
The target is still June.2016 high of 1375. But before the channel of (1325-1355) needs to be broken.
In case of a daily close below 1325, the idea would not work. If 1325 broken, I will wait until 1295-1300 band to place the buy orders.
Below 1295 would mean a reversal for me.
1325 was the first possible dip level to place the first buy order. Next, I wait for EMA10-EMA25 cross above EMA50, which would be around 1335-1340.
The target is still June.2016 high of 1375. But before the channel of (1325-1355) needs to be broken.
In case of a daily close below 1325, the idea would not work. If 1325 broken, I will wait until 1295-1300 band to place the buy orders.
Below 1295 would mean a reversal for me.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.