Gold Trading Opportunity

The market bounces from MA50 and we can see an attempt to break 1260.00 resistance level. The high of a bullish candle can be a level for placing buy-stop orders. We'll open long trades based on the breakout signal. If the market moves above 1265.00 level, we'll get an additional signal of possible upward movement. RSI confirms price reversal from MA50. MACD histogram confirms upward movement. DMI shows trend market conditions. We have buy opportunity. Long trades should be opened with stop orders below 1240.00 support level and profit target at 1290.00 resistance level. Also, it will be possible to open long trades based on a confirmed reversal signal. We'll have to wait when the market returns to one of MAs. It will be new trading opportunity.