Gold - 1375 is still on the table
Trend is still bullish. Previous higher high of ~1325 level worked as a good support.
1325 was the first possible dip level to place the first buy order. Next, I wait for EMA10-EMA25 cross above EMA50, which would be around 1335-1340.
The target is still June.2016 high of 1375. But before the channel of (1325-1355) needs to be broken.
In case of a daily close below 1325, the idea would not work. If 1325 broken, I will wait until 1295-1300 band to place the buy orders.
Below 1295 would mean a reversal for me.
1325 was the first possible dip level to place the first buy order. Next, I wait for EMA10-EMA25 cross above EMA50, which would be around 1335-1340.
The target is still June.2016 high of 1375. But before the channel of (1325-1355) needs to be broken.
In case of a daily close below 1325, the idea would not work. If 1325 broken, I will wait until 1295-1300 band to place the buy orders.
Below 1295 would mean a reversal for me.
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