Gold is taking off. Working to new highs towards 1350-1360. There is a strong point of resistance, the 2013 trend line, but once we pass that there is a lot of room to work with. 1376 is the next strong point of resistance. Until then there is a lot of room to scalp.
A good place to put stop losses for longer-term trades would be 1308 because if price reaches that and goes lower, the tide has changed. Until then, trend is your friend and along with oil, gold is looking bullish. For a perfect entry, one could wait until price has reached the light blue trend line that started from November 12th.
A good place to put stop losses for longer-term trades would be 1308 because if price reaches that and goes lower, the tide has changed. Until then, trend is your friend and along with oil, gold is looking bullish. For a perfect entry, one could wait until price has reached the light blue trend line that started from November 12th.
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