The actual support has been tested several times an can be considered as strong enough to halt the course.
Good buy opportunity!
first aim: falling trend line (~1.340$), second aim: 1.380$ (last high), third aim: 1.450$ (upper limit of the ascending trend channel)
stop: when crossing the support and heading lower, in this case Gold could fall to fib retracement 61.8% (1.270$) which is also a swing trend line and the lower limit of the trend channel!
Indicators:
neutral
Good buy opportunity!
first aim: falling trend line (~1.340$), second aim: 1.380$ (last high), third aim: 1.450$ (upper limit of the ascending trend channel)
stop: when crossing the support and heading lower, in this case Gold could fall to fib retracement 61.8% (1.270$) which is also a swing trend line and the lower limit of the trend channel!
Indicators:
neutral
Trade active:
nothing has changed
Gold still above support but below the long descending trend line
It has to break the resistance to give more bullish signals.
nothing has changed
Gold still above support but below the long descending trend line
It has to break the resistance to give more bullish signals.