I feel like things could get interesting for gold if it can breakout of the near term T.L resistance by next week and if it takes out the resistance @ 1192 and price manages to hold above it , I would get long on this once more with my stops under 1180 and I would look for targets around 1202 & 1216
Comment:
the price did clear the 1192 area but it is failing to hold above it. I will keeping a close eye on this
Comment:
I will be* keeping a close eye on this
Trade active
Comment:
Rocketed past the first target smoothly.Let's see how it trades around 1216-1220 ....let's say it closes above that and we can look to extend our targets or add more longs on pull backs.
Comment:
Should hit the final target soon !
Trade closed: target reached