Price has been moving in a sideways bias within the past few weeks, as I hinted earlier that multiple breakouts above moving averages usually hints sideways bias. However, every dip was re-bought strongly, we have seen multiple rejections at the floor of this sideways range at 1280.00-1270.00 area. A bullish divergence on Momentum continues to be obvious as well. I am looking to long gold near 1290, targeting 1330 and 1350. with a stop loss below 1275.00
Good Luck, Come Join me at twitter.com/thefxchannel
Good Luck, Come Join me at twitter.com/thefxchannel
