1501 GOLD is about to test 1300 Long

Gold/U.S. DollarFXCM

Description

⋅ Jan 15, 2019 3:02 PM

GOLD is not correct down to 1260-1280 zone but it looks li like its going to test 1300 soon.
1350 is following after that .
The small blue channel is the current trend for it to go. Once the blue small channel is broken , we will talk about 1260-1280 support zone again.
So our signal triggered last week is still valid and hopefully target 1 will be hit soon in the coming trading days.

Less is more!

Comments

InvestingScope

⋅ Jan 15, 2019 5:13 PM

Thank you Vera on the long term outlook. On the short term it is basically moving sideways inside this 4H Triangle, creating short term scalp opportunities:

JoshuaVanier

⋅ Jan 16, 2019 3:16 PM

Thanks, Russia.

Walentine

⋅ Jan 16, 2019 12:33 PM

agree

Loii

⋅ Jan 16, 2019 12:38 AM

i have similar top too 1330-1335 based on fib extension

FUNTRADER-Vera

⋅ Jan 16, 2019 12:48 AM

@Loii, GREAT!

TruKING852

⋅ Jan 15, 2019 3:15 PM

i have the same view~
a decisive close above 1300 will lead to 1330.

FUNTRADER-Vera

⋅ Jan 16, 2019 12:48 AM

@howard1127, yes, thats quite possible in the coming weeks.

AmrNabulsi

⋅ Jan 15, 2019 3:07 PM

I think it will not for now because DXY going long

FUNTRADER-Vera

⋅ Jan 16, 2019 12:49 AM

@AmrNabulsi, yes, you are right, this is not a intraday trade.

AmrNabulsi

⋅ Jan 16, 2019 5:28 AM

@FUNTRADER-Vera, am not right or wrong just becuse no one know where the trend will be , what i want to tell you becarful in yor trade