Comex Market Analysis and Trading Tips 7th April 2016 - XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar

Gold futures             edged higher in European trade on Thursday, after minutes from the Federal Reserve’s latest policy meeting underscored caution about future rate hikes. Gold             Comex division tacked on $6.40, or 0.52%, to trade at $1,230.20 a troy ounce by 06:59GMT. A day earlier, gold             lost $5.80, or 0.47%.
On technical chart, Short term trend of Gold             is bullish on chart. On its, Daily chart , market is taking support of 50 SMA . It is sustaining above Daily trend-line & 50 SMA on 4-Hourly Charts. Now it can test the next resistance of 1245. On Lower side it is having good support of significant level of 1207 on Daily charts .
looks like a classic long
+1 Reply
any stop loss or take profit target pls?
hey buddy. so provided you entered now, whats your tp on this?
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