Monthly
From a monthly perspective, we saw a huge reversal off 1250 per OZ and a close above 1300 last month. This also respected our EMA and I believe we are coming back up yo test 1350 again.
Weekly
Last week we a had a strong bullish close with a recently crossover of EMAs back to to the upside. There could possibly be a deeper pullback down to 1300 but momentum seems strong.
Daily
Today we had a surge of bullish momentum during the morning session - we've sine then pulled back but remain nicely above our EMAs. 1325 remains a strong area of daily resistance but after breaking this point, there is a good chance of accelerating back up to previous highs.
H4
Higher highs and higher lows formed - a pullback into our preferred fib zone with a break off the CTL and an EMA crossover. Will hold this trade for longer than usual to see upside momentum.
From a monthly perspective, we saw a huge reversal off 1250 per OZ and a close above 1300 last month. This also respected our EMA and I believe we are coming back up yo test 1350 again.
Weekly
Last week we a had a strong bullish close with a recently crossover of EMAs back to to the upside. There could possibly be a deeper pullback down to 1300 but momentum seems strong.
Daily
Today we had a surge of bullish momentum during the morning session - we've sine then pulled back but remain nicely above our EMAs. 1325 remains a strong area of daily resistance but after breaking this point, there is a good chance of accelerating back up to previous highs.
H4
Higher highs and higher lows formed - a pullback into our preferred fib zone with a break off the CTL and an EMA crossover. Will hold this trade for longer than usual to see upside momentum.
Trade fermée manuellement:
Closed early for 140 pips profit.
Trade fermée: cible de profit atteinte:
Closed another gold long for 140 pips profit.