This is a long idea in continuation of another long idea from December 22, 2016,
If July low stays to be 1203.65, this then proves to be the next multi-week dip as anticipated in the related idea.
Longs from this dip should have SL to be in the 1190-1219 area.
Profit areas near or about:
1260
1300
1380
1420
1480
1520
1600
If 1260-1300 area is cleared on monthly chart, next possible multi-week dip might come in the 1260 area.
If July low stays to be 1203.65, this then proves to be the next multi-week dip as anticipated in the related idea.
Longs from this dip should have SL to be in the 1190-1219 area.
Profit areas near or about:
1260
1300
1380
1420
1480
1520
1600
If 1260-1300 area is cleared on monthly chart, next possible multi-week dip might come in the 1260 area.
Comment:
TG1: 1260 has been reached.good monthly proceedings, 1276-1282 area and 1293 area might be of interest next.
Comment:
Above 1276 now, a good place for SL might be 1274 (daily low today)
Comment:
Possible big green candle incoming in the form of August 2017 gold spot price monthly candle. Good luck
Comment:
1600 reached
Trade closed: target reached
