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revival_fx
May 10, 2014 3:52 PM

Gold Bouncing off of demand zone Long

Gold/U.S. DollarFXCM

Description

I want it to come back down and touch 1288 again on a retrace, but this is definitely bullish.
The wicks on the previous candle in the purple region tells me demand keeps push the bears back.
Comments
andrew.berg
I think you mentioned a nice entry point - confirmation bull candle in support zone which is close to bigger support area. Now, we need to see break up and hold above that consolidation resistance at $1294 to attract more buyers
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