Gold long Technical Views. Turning point 1368-1375

Gold Trading around 1352-1353 level. As we can see on Daily Chart there a Divergence and top We can see around 1375-1376 level. Gold is up for now As Korea and International Worst condition so people going Treating Gold as Safe Heaven and holding position Rather then USD. But if Technical We see there 3 Clear Signs for Gold drop.

1. Divergence
2. Over bought Condition
3. Near monthly Tops.

If Gold hold below 1375 we can see a drop that can b toward 1250-1300. and if Gold hold above 1376 on Daily then a jump toward 1450-1500 Expected soon. Thing to watch Korea condition and other countries Worst Condition.

So better Wait and see For perfect condition .

Kommentera:

Gold 1224 perfectly drop 290 pips As Expected Still have to go more Stay with us .

Kommentera:

gold 1314 Stay if hold above 1311 can see a jump toward 1326-30 where breakage of 1311 may call for TP1 1295-1300

Trade stängt: målet nått:

Perfectly 500+ TP1 done

IF gold will hold below 1310 closing on daily 1317-1321 will Resistance and next tp will 1250-1265

Kommentera:

Gold now Strong Resistance at 1299-1303 level where little support level 1265-1267 if hold can see 1288-94 where breakage of may call for our 1250 and 1000 pips with a simple system trade