At the day chart we are above EMA 200 ! Price Volume at this level very high. RSI high... The stockmarkets at the moment are week and maybe that also the euro can break out. This all is very positive for gold, but we must break the first lines to go higher. Later breaking the Channel to come out of the yearly downtrend. If all this happens the way is free to go up to 1400 - 1500. At the moment be careful because there is also the fibbonaci 50% Retracement !! Wait what the traders are doing now !!
We are long with our positions at 1.172 and 1.236
We are long with our positions at 1.172 and 1.236