This is getting a little top heavy right now with the RSI (5) and MACD showing signs of a short term pullback brweing. Volume has decreased the last couple of days as well which usually means buyers have started to slow down. Anything can happen tomorrow with the FED rate decision however, but ultimately gold prices need to move higher in order to reach and pass the breakout area. I sold my position last week (too soon of course), but readying myself to get back in if we get a pullback to anything under the 200 MA.
Comment:
Working like it should be. :)
Comment:
Week end: Dancing in the breakout zone. If 5.35 holds and gold kicks up, watch out here next week!
Trade closed: target reached