As mentioned in my previous analysis GOLD is trying to follow a new bullish trend line and now trying to pass the strong bearish trend line and also the major resistance area of 1900. As if know the bearish trend line seems to be broken and retested so I would consider opening a long position keeping my stop-loss beneath the bullish trendline and take profit at the next minor resistance area around 1950.
Trade stängt: målet nått