eskgroup
Long

Gold Showing Off its Muscles

FX:XAUUSD   Gold / U.S. Dollar
339 3 11
Read chart for details.
Comment: Looking for a break-out of MA100 to where we see 1280s/1307s -

Above idea requires further uncertainty in equities, ECB's printing, oil, and no fed hike (as per NFP guidance this week).
Comment: Nothing to update here. Still on track to hit top target 1275s/81s and over to last years' high 1307s. Extension to Outer Long-Term Trendline highly possible specially if weekly remains above SMA100 1257s.

NFP might give us better entries - watching carefully this weeks' close, NFP data and market reaction.
nicely done!!!
Reply
excellent... i just saw it now.. so you keep your trade all way to outer Tline
Reply
eskgroup Bob_B_Northman
Thank you! Not necessarily - 60:40 chance it will move to outer tl. was looking for top at 1275s - March is going to be interesting...Weekly already looks weak for bulls...
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