Gold:Bullish divergence and 100- W MA

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
798 7 14
Pattern formed- Bullish Divergence in MACD (Weekly chart)

Gold             breaks major support $1241.50 and declined till $1218 in the previous week. It has closed around $1226.98.

It is good to buy on dips around $1218-$1220 with SL around $1207 for the TP of $1255
We can buy gold with take profit 1245 keep stoploss 1210
Buying bear market... Are you serious?;)
mocem MarkSterensohn
@MarkSterensohn, That is the rule of the game.
allanrcferreira MarkSterensohn
@MarkSterensohn, I heard the same thing when gold achieved 1370. Selling in a bull market? I am shorting gold since 1350 and I am smiling until now. But we are near a strong 100 weekly SMA, at 1207. At this level wait prices rebound before falling again. Under 1207 is an important level for bulls.
MarkSterensohn allanrcferreira
@allanrcferreira, i suggest to wait a small retracement at least 1247 or even better 1255 then sell. If it drops 1130 without me , it will be very sad
@MarkSterensohn, agree with u
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