precise26

Gold up to resistance

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Looks like gold is filling its form on the weekly term and continuing with its wedge pattern. Rvgi shows some great potential for the bull side so be ready cause when this main wedge breaks its gonna be awesome! Its a lot to explain with the RVGI but its poised to be in a position of great potential. If you just have to know more about it, leave a comment and ask, I will be happy to go into more detail. There is a bullish pennant on the short term so entry long position upon the break up of the pennant. avoid shorts due to the recent short/mid term break in resistance causing change in trend. Be sure to set a pending or open a short if the main wedge happens to break down. Our first target is the next resistance which looks to be the notorious 1300 mark. Second target is the next resistance above that. Dont forget to set pending orders on both ends of the main wedge. It could happen suddenly while you sleep who knows. #itslikefreemoney

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