Anbat
Long

BULL GOLD REST OF 2016

FX:XAUUSD   Gold Spot / U.S. Dollar
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1
Noted, XAUUSD ( GOLD ) last week was a green candlestick after a DOJI (red undecided) candlestick . I believe that gold will continue to go upwards to 1st resistance area noted ($1300.00), then by end of year around ($1400.00). This level had resistance in 2013 and early 2014. It was approached a couple of months back at $1375.04 (see chart). Will be looking at shorter time frames to make bull trades for rest of year. Good luck and good trading for everyone.

Comments

If you want to be conservative (not aggressive), wait for RSI to be above 50 or PA to be above $1300.00 an ounce to make SURE. Just my opinion from analysis of big to small picture. Sincerely...
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Like RSI positive divergents, however, wave 4 into wave one or is this acceptable.
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