2ndSkiesForex
Long

Gold Breakout of Key Level. Bottom in Place? July 10th

FX:XAUUSD   Gold Spot / U.S. Dollar
178 3 0
Gold             has broken above the daily 20ema for the first time in over a month, and taken out a key role reversal level post FOMC meeting. If the PM can hold above this key level, I'll look for intraday longs there, targeting 1300/08, 1315 and potentially a much larger move towards 1335/50 area (chart below).



SL will be around 1250.

Kind Regards,
Chris Capre
So far, the level has held up as planned, so if you are up 1R, then minimally bring stop to BE, or take some profit off the board. Current price action does not suggest reversal at this point, and more likely upside still to be had, so will neutralize all risk, and look for a test of 1307 next.
Reply
Hello Chris,

Very Clear Chart and easy to understand, Gold is moving to the upside at the moment. Waiting for your more updates

Reply
2ndSkiesForex Ryan Tyler
Hello Ryan - Glad you liked the chart/analysis. I'll be updating Gold around London close so stay tuned. Kind Regards - Chris Capre
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out