Hi Folks:
Today I have a risky mood so I am following the channels and open longs at current levels.
Next support is at 1777 area more or less, so that would be the place for a SL (or partial hedge).
This idea is quite risky as fundamentals are against a high gold price at the moment, but worth to try with some small positions.
We are sitting right at the support trendline of the ascending channel (green trendline).
Cheers.
GOLD
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
Today I have a risky mood so I am following the channels and open longs at current levels.
Next support is at 1777 area more or less, so that would be the place for a SL (or partial hedge).
This idea is quite risky as fundamentals are against a high gold price at the moment, but worth to try with some small positions.
We are sitting right at the support trendline of the ascending channel (green trendline).
Cheers.
GOLD
-------------------------------------------------
Remember, if you liked this idea don't forget to click LIKE and FOLLOW. That will encourage me to continue charting for you.
