I am expecting gold to continue to follow the trend up as long as MA200(D) and MA50(W) which are basically at the same level (1820D and 1798W), hold.
If this levels won't hold there could be a huge drop (1550?), but i don't think it will happen.
That's why I will go LONG from this level.
1st TP 1990 area
2nd TP 2050 area.
SL 1770
Personal point of view.
If this levels won't hold there could be a huge drop (1550?), but i don't think it will happen.
That's why I will go LONG from this level.
1st TP 1990 area
2nd TP 2050 area.
SL 1770
Personal point of view.
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