Gold Update 14 May 2016

FX:XAUUSD   Gold Spot / U.S. Dollar
604 6 16
Dear Friends

As mentioned in the previous analysis. Gold             in the long term and medium term uptrend. Do not spend your time and money in the short term for sell. therefore, 1256-1260 level is more important for us, But it is just possible to touch again this level and no guarantee. the most important level to pass and see the 1313 target is 1283-1287.

Also, i wish to have a bullish week for all of us and have a good day. ;-)

Kind Regards,
P. Salehipour
Comment: triangle break. first target 1287 touch. it seems we have swing here around 1287-1280. but at the end of this week i hope to touch second target. around 1313.
Hiii pooyaa.. Seem like we enjoy riding bull for today :D
+1 Reply
PooyaSalehipour Sakakikunmakio
yap, enjoy it. ;-)
Pooya check it out at usdjpy.. Seem like has formed triple top 4hr time frame... If usdjpy heading south great news for gold.. Gold will rise up..

+1 Reply
PooyaSalehipour Sakakikunmakio
Japanese Yen fundamental issues are involved. Gold and the Yen unable to have relate of each other.
Agree.. But seem like we are facing heavy resistance... I think next week gold will try back break above...If false break I will closed my long
+1 Reply
PooyaSalehipour Sakakikunmakio
Next week show how many resistance are heavy, So, Its just an idea.
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