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Akil_Stokes
Jun 8, 2016 10:03 AM

GOLD: Potential Retest & Extension  Long

Gold/U.S. DollarFXCM

Description

With GOLD putting in a HHHC I would now look for a continuation to the upside. IF price is going to continue higher THEN then next stopping point I would predict is our previous level of structure looking left.

As always there are 2 ways that price can reach that level. 1) It goes straight there or 2) we see some profit taking, causing a pullback into the previous level of resistance which now act as support before extending higher.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company


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Comments
Loii
i reckon we will have some retracement at 1260-1263.
PooyaSalehipour
i have seen Divergence in RSI, i am waiting for confirm
lemezohaib
fx1
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