Noted, XAUUSD (GOLD) last week was a green candlestick after a DOJI (red undecided) candlestick. I believe that gold will continue to go upwards to 1st resistance area noted ($1300.00), then by end of year around ($1400.00). This level had resistance in 2013 and early 2014. It was approached a couple of months back at $1375.04 (see chart). Will be looking at shorter time frames to make bull trades for rest of year. Good luck and good trading for everyone.
Comentários
Anbat
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If you want to be conservative (not aggressive), wait for RSI to be above 50 or PA to be above $1300.00 an ounce to make SURE. Just my opinion from analysis of big to small picture. Sincerely...
duane1618
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Like RSI positive divergents, however, wave 4 into wave one or is this acceptable.