Entry Levels for Gold

Price broke the resistance level 1200.00 and moved higher. Now we have to wait when price returns to the uptrend line. If we see price reversal from the line and the support level between 1205.00-1200.00, it will be a good place for opening long trades. Stop orders must be placed below 1200.00. If price breaks the uptrend line, it will be a signal for short trades. Entry level will be below 1200.00 with stop above 1200.00 and target at 1190.00 level.