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salsapete
Feb 25, 2017 1:30 AM

Gold - its attractive !!!! Long

GOLD / U.S. DOLLARICE

Description

Gold maintaining a long bias presently.

Reasons are few

1. Uptrend from Mid December 2016.
2. Short term averages positive.
3. HA bar close above 8 MAV.
4. Breakout of recent consolidation at 1245.
5. Wanting to see a decent correction for the last swing low ( .618 - .666 retracement , or at least beyond the equal legs fib extension . )

Entry closer to 1250.

Stop - HA daily close ( not penetration) beneath the 14 MAV and the supporting trendline @ 1236.

Target - 1289 ( .666 fib )

RR - 2.5 +


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