Gold - Perfect Long Entry

8 May 2016

Gold recently made a higher high and then bounced off the resistance turned support. Monday morning if it continues to hold this level and starts making higher lows then I'll be entering long.

Reasons for entry:

• Breaking up from a bull flag following a strong upward move
  
• Making a higher high and then finding support from previous resistance
  
• Lots of fundamental reasons that gold should be moving upward (NIRP, ZIRP, market manipulation stopped, yuan gold fix)