Gold is facing now some key resistances levels, namely at 1127.51(fibs retracement 23.6%), 1148.10 and 1161.13(fibs retracement 38.2%). Above that level of fibs 38.2%, so according to TA point of view, then Glod is in a upside area.
Go long with Gold @1111.0, if D1 candle finds support at that level and closes above it.
S/l @1071.60
T/p@1213.56
Other scenario is to buy two ticks above 1127.51, if the D1 candle closes above that level.
S/l@1107.90
T/p@1213.56
It is only for long term investment with around for next three months to hold,namely until end of November 2015.
Trade well!
Makkaba team
Go long with Gold @1111.0, if D1 candle finds support at that level and closes above it.
S/l @1071.60
T/p@1213.56
Other scenario is to buy two ticks above 1127.51, if the D1 candle closes above that level.
S/l@1107.90
T/p@1213.56
It is only for long term investment with around for next three months to hold,namely until end of November 2015.
Trade well!
Makkaba team