EvanJones
Long

Safe Haven and Trendline support = Gold to climb from here

FX:XAUUSD   Gold / U.S. Dollar
54 0 0
With the recent volatility in the markets, Gold             has seen some nice swing action in the start of the year, unlike its counter part silver             .

I've drawn some trendlines in to observe where gold             might be heading next: The upper trendline has multiple touches and has just made a recent bounce on Friday 15/01/16.

I anticipate Gold             will climb early next week towards the 1100-1110 resistance areas. I'm current in this trade @ 1092.09 with my stops placed around the recent lows. Note: I entered on the initial rise however will place another trade this Monday if I see price to begin to rise.

Note for future releases on information on trading, education and signals I will be releasing my new website in the early part of this year, sign up to find out when: http://www.ejfxtrading.com
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