smeetsTA
Long

GOLD SHORT TERM BUYING SETUP

FX_IDC:XAUUSD   Gold / U.S. Dollar
92 2 3
GOLD             IS ON IMPORTANT LEVEL WITH MANY CLUES FOR GO LONG.

1. TRIANGLE SUPPORT
2. FIBONACCI 61.8% RETRACEMENT
3. PREVIOUS RESISTANCE BECOME SUPPORT
Well, this is a possibility. But We just came from 20% gain since 90 days and the pressure is more on the downside (-10%). On your chart RSI is falling, with divergence with close double top. If I was long I may have SL at 0.618, actually I'm short.
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smeetsTA andberg
You are right but double top target is done and now gold was in buying zone
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