Well, it is very possible that we are going to see gold hit the mega-resistant level of 1360. As long as we confirm the break-up at the level of 1312 the uptrend is very dependable. Some retracements and corrections may occur but nothing scary at all. Just let the price do the movement.
We were trading range since December 30 until 28 January on a very small price window (1275*1298). The range was passed a couple days indicating the continuation of the trend.
The first pre-target is 1325.85$
In addiction, we have the AO looking good, Stockastic looking good and MacD looking also good.
Also, let's waitn for the monthly close to help us confirm all this trend and price movement.
We were trading range since December 30 until 28 January on a very small price window (1275*1298). The range was passed a couple days indicating the continuation of the trend.
The first pre-target is 1325.85$
In addiction, we have the AO looking good, Stockastic looking good and MacD looking also good.
Also, let's waitn for the monthly close to help us confirm all this trend and price movement.
Trade active:
The first target of 1325.85 was already crossed. Wisely, increase the lot when the price pulls back a bit (aka buy on every low/dip).
If the price goes a little bit down don't panic. I'm assuming you don't trade without stop-loss, that in this case I've settled up now to 1308.85.
Some range may occur meanwhile. Just trade there wisely.
Next pre-target is 1354.22$ so let's just sit back, don't overtrade and STICK to your strategy.
If the price goes a little bit down don't panic. I'm assuming you don't trade without stop-loss, that in this case I've settled up now to 1308.85.
Some range may occur meanwhile. Just trade there wisely.
Next pre-target is 1354.22$ so let's just sit back, don't overtrade and STICK to your strategy.