Gold Update - Bull
We remain bullish on Gold - AB-CD in play still. Decision whether DMA100 will hold or not. Soon we will move risk to 1098s. Expecting a break-out and pushing to top of cloud (1118). Focus on FOMC this week. Two potential D extensions in play. First on DMA200 (strong resistance) and second around 1177s (with a weekly declining trendline around 1153s (not displayed on chart).
Monitoring oil and equities as well is a good idea...
Happy Trading.
Monitoring oil and equities as well is a good idea...
Happy Trading.
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