The weekly chart points to a rally, check it out below. This is an entry on that weekly long bias.
After a bearish divergence at an important resistance level, the histogram stopped falling. We had a false breakdown at the 25.75$ support level. The volume during this decline was higher than before, but the reward was minimum. My weekly targets are 31$, followed by 40$. My history on trading gold is terrible, 4 consecutive losing trades.
Comments
elcololp
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What do you think my friend? still in? bullish?
vlad.adrian
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I really don't know... I would place a stop below this consolidation at 25$ and pray :))
elcololp
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Hi,do you think now the consolidation is ending? Nice moment to take long position?