gold keep is up trendline since 2016 low so i expect to go up the other long term downtrendline around 1262-65
- oil get hard to go up amid good stockpiles and the news about maybe a new cut or production by opec
- Generally the survey based on many years shows that in summer the equities down at this period (june-july-august)
-Also the last US data was very not in lines with expectations
Plan cancelled if he break down 1236-38
- oil get hard to go up amid good stockpiles and the news about maybe a new cut or production by opec
- Generally the survey based on many years shows that in summer the equities down at this period (june-july-august)
-Also the last US data was very not in lines with expectations
Plan cancelled if he break down 1236-38
Comment:
After around 12$ up on gold,target still not far,but is better to secure half position with profit taken and let half position with trailing stop
Comment:
i say that because on daily chart gold is blocked by the MA20..so if it pass then is ok for the target if not..we got our profit
Comment:
sorry i wanna say MA50 daily