Update gold next week before new year 2017 - TF 4 hr

24 Ara 2016

I think it should be bias long position.

Because price is higher low.

++Indicator analysis++

1 . rsi break new high and look like ascending triangle.

2. Macd higher low

3. Stochastic signal buy.

So i bias long position.

Target rebound i think around fibo 50-61.8% (1150-1157) for closing long position

Thank you