Luettis
Long

Gold on strong support

TVC:GOLD   CFDs on Gold (US$ / OZ)
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2
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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
Apr 10
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.
Stright to 1310 first
Reply
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