Updating my earlier analysis for gold with a potential long trade scenario. I am looking for a pullback now towards the broken 200-days SMA before going long. Buying near the current levels is risky and unacceptable in terms of isk-reward and money management.
Motives of the trade
-Gold has completed a head and shoulders bottom
-Gold had broken the major 200-days SMA
- A new series of higher highs and higher lows was established
Good luck
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My best regards,
Technician
Motives of the trade
-Gold has completed a head and shoulders bottom
-Gold had broken the major 200-days SMA
- A new series of higher highs and higher lows was established
Good luck
Trade forex with me, check my new website thefxchannel.com/ , vote and subscribe , thank you...
join me at twitter.com/thefxchannel
www.facebook.com/thefxchannel
Google Plus : plus.google.com/+Thefxchannel0/posts
My best regards,
Technician
