GOLD Weekly Long Position Analysis
Even though the Federal Reserve rose the interest rate on the dollar yesterday , Gold has not been affected a lot.
Here we can see on the weekly chart that the market is still inside the triangle . In this market we can perform a long trade that
has a moderate profit target. Target zone is achieved at the moment that the market will go at its previous resistance at 1365.00 .
Warning : Please be aware that the trade should be performed only in the moment that GOLD breaks the 1306.00 resistance that is formed in the daily chart. This is a very important price and has to be firmly broken with a solid green candle closing above the price.
Here we can see on the weekly chart that the market is still inside the triangle . In this market we can perform a long trade that
has a moderate profit target. Target zone is achieved at the moment that the market will go at its previous resistance at 1365.00 .
Warning : Please be aware that the trade should be performed only in the moment that GOLD breaks the 1306.00 resistance that is formed in the daily chart. This is a very important price and has to be firmly broken with a solid green candle closing above the price.
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