Gold Momentum To Prove:
Gold price to test upward momentum.
I see Gold comming off to the 1270 (around the 0.23 Fibonacci Retracement level) before advancing to the 1330 level, an upward trend shown consistent with the Pitchfork Analysis.
Trading opportunity:
If Long at Friday's close level
Stop loss limit bellow 1270
Take Profit at 1330
Risk/Reward Ratio: 3.45
I see Gold comming off to the 1270 (around the 0.23 Fibonacci Retracement level) before advancing to the 1330 level, an upward trend shown consistent with the Pitchfork Analysis.
Trading opportunity:
If Long at Friday's close level
Stop loss limit bellow 1270
Take Profit at 1330
Risk/Reward Ratio: 3.45
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