a1Keith

Gold

Long
a1Keith Mis à jour   
FOREXCOM:XAUUSD   Or / Dollar Américain
Stop under double parallel line.
Gold has reversed rapidly from yesterday. If we can hold the double parallel line and 0.618 Fibonacci level then the target is the next ascending parallel line. ISM news in under an hour

Again I will follow XAUEUR since it was very useful for the getting out of the short trade that I posted a few hours ago. If XAUEUR breaches the highest descending parallel then this is very bullish for Gold

Commentaire:
ascending channel on 1 min chart now with support above .618 Fibonacci.
Note I have adjusted the Fibo lines to account for the new low at 1302
Targeting 0.5 or around 1332

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