After ranging for 40 days, Gold started trending upwards using 14 days EMA as support. You can not go wrong buying at the support.
Next stop is 2012 high 1795 then after big figure action around 1804, a small dip to 50 day EMA 1722 ( a dream entry, if you missed my entry at 1680 LOL) and up again to attach 2011 high 1921. who cares if it makes it with an entry at 1722 right? Happy hunting
Komentarz
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Target 1 reached 2012 high. Now rally to extend to big figure 1,800
i don't think she will dip so much, maybe 1747. Good luck man
Pharaoh69
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@ali58812939, I see your point, but the reaction to the big figure is hard to predict with profit taking pressure, one could only hope for a dream entry that takes it to 1925.
ali58812939
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@Pharaoh69, on last 6 months spot follow future contracts, future hit 1807 and dropped to 1767, 40$ profit taking, so we may see the same on spot from 1800s to around 1760s or even 1750. i think the train left the station. Another sanrio is no profit taking at all because the big money already took profits on August contract
Pharaoh69
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@ali58812939, Well, My long is at 1685, I just want an add on