End of Last week (Daily TF ),gold gave us a nice bullish pin bar that formed exactly at the support area.Actually it was a bearish trap/false break.If price break the high of the pin bar then I will go long targeting 1350 as my first target.If the Resistance area 1350 brake price may move up to 1380 and chances for retrace towards 1350 and according to the market condition it may fire to 1400 area.good luck to all
Comments
Goldmine2013
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1100 coming quickly, 2 weeks
cyanfrog
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this pinbar is not valid. price is testing range for drop. plus, that support line isn't that important to make pinbar valid and there was no signal at all that would point to trend change. i'd expect down trend to continue.