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Fxprotrader
Jun 28, 2018 11:10 AM

Gold: Buy Setup at Key Support Long

GOLD (US$/OZ)TVC

Description

In my last Gold post I highlighted a head and shoulders pattern which wasn't activated with price dropping even further . It's now testing and being rejected at a key support level - the sliding parallel of a median line set plus the 1.27 fib projection of previous downtrend. Going long from current level is a good idea.

** US Dollar shows signs of weakness which add value to our thought buying Gold.
Comments
ToddGreen
Posted on this last week as well, same thoughts!

martijn_vdb
Not going in our favour. hopefully EU can pull it abit
Fxprotrader
@martijn_vdb, Yes it didn't work out well. I eill keep a closer eye to see if we can get another opportunity..
Spokoze
Long Gold here......absolutely!
Fxprotrader
Yakir
thanks
sniper job
awaiting yrs for next entrance
Fxprotrader
@Yakir, U r welcome..!
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