tradewithhedge

Early signs for Gold Jump?

FX:XAUUSD   Gold Spot / U.S. Dollar
Hi Trades,

I was just looking this morning this Gold             Monthly chart and when I looked the indicators I really liked it. By looking Stoch we can see that he blue line crossed the red line which is a bullish signal and RSI is breaking the second trend-line. Keep this in mind. However, just a break of 1.300 I can see Gold             going to 1.500.
Bellow 1,300; I don't delete the open of gold             touching that 0.50% around 1,100.

Good Luck!

Thiago Duarte
thiago@duarteinvestmentgroup.com
@thiagotrader
Thanks Thiago , IMO %50 retracement level at $1080/50 is possible before any long term trend reversal towards $1400+ range.
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