Gold XAUUSD Bullish Signals triggered, 1187 tgt, more buys ahead
Gold is building for a measured move to $1187 on XAUUSD.
Gold "range expanded" out of the recent "mode" at 1135-1130, which triggered the first buy signal of a 10-day long potential rally to 1187. We are in DAY 3 here.
The pullback today provides another entry to the mid-point of the "range expansion day" highlighted in "bright blue". The target on this position is highlighted already.
The stop on the bigger trade to 1187 is a stop at 1129, from an entry at 1147.
Buy more on another range expansion rally (yes, buy on strength, up $14 on the day) and use a stop 'down on the day".
Target 1187 on that additional purchase also.
Best,
Tim
11:43PM EST October 7, 2015
Gold "range expanded" out of the recent "mode" at 1135-1130, which triggered the first buy signal of a 10-day long potential rally to 1187. We are in DAY 3 here.
The pullback today provides another entry to the mid-point of the "range expansion day" highlighted in "bright blue". The target on this position is highlighted already.
The stop on the bigger trade to 1187 is a stop at 1129, from an entry at 1147.
Buy more on another range expansion rally (yes, buy on strength, up $14 on the day) and use a stop 'down on the day".
Target 1187 on that additional purchase also.
Best,
Tim
11:43PM EST October 7, 2015
Trade closed: target reached:
1187 reached
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