OmenFinance

Gold Futures GC1! Long Idea

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COMEX:GC1!   Terminskontrakt guld
Hi again guys ! Today Im expressing my trading idea to go long to GC1! . The idea is based on price levels above 1230$ that gold holds , also it is a good bounce to the median band of Bollinger . I set a price target at 1274$ , this price is immediate aprochable in the next weeks. The geopolitical risks ahead and the slowing earnings from U.S behemoth companies also helps gold go further up . Beside that ADX that i use shows a trend change in the next month and RSI is above the level of 40 which is a good sign to take the whole swing of this safe haven investment !

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