Gold Buy Signal

Price passed through the kumo and it gives us a buy signal. DMI confirms strong upward movement. We can buy higher than 1233.50 level with stop orders below the uptrend line. The 2nd entry level for opening long trades can be based on a reversal signal from the kumo, if price drops to this level. Stop orders for these long trades also must be below the uptrend line. As for profit targets for all long trades, they should be at 1254.00 and 1260.00 resistance levels.