Nashwan
Long

I will suggest bullish in case 122.20 broken

BATS:GLD   SPDR GOLD TRUST
378 7 2
I will suggest bullish in case 122.20 broken this will indicate the positive Divergence seen in MACD (Daily) with reverse head and shoulder seen in 4H chart up to 129.50 , then if broken with daily chart i would suggest a strong bullish indication following the power of divergence to 149 again , let take it step by step and focusing on 122.20 ......BE ATTENTION the main trend still bearish if not breaking 122.20 with 4H confirming with Daily candle
It seems 138 will lead to 130 again .......but we still have bulish long term direction
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138 is a great resistance
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any reverse toward 130 is good place to BUY again ,,,,,,,,,,
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Wondering if we can see 138-140 soon i guess
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First target Hit :) ...............a close above 128 will confirm the up direction
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fundamentals are calling for a bottom soon, as supplies tighten. Thank you for the analysis.
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in the right way like expected
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