DMC
Long

GOLD on the rise?

TVC:GOLD   CFDs on Gold (US$ / OZ)
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CTF - GOLD            
Chart timeframe - 4hr
Area of interest - 1270.50 , 1320

Potential target 1 - 1292.7
Potential target 2 - 1305
Potential extended target - 1320

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Comment:

Update: I spotted a new support that should've been pointed out from the beginning but it seems to be rejecting at the current moment. Updates to follow.
Comment: Current rejections looked nice, hard test down rejected back up. Strong Signal for a gold long
Comment: Sideways movement continues, possible bounce point is at monthly channel support(red-dotted)
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