UmarAbdurRehman

Gold Medium Term idea

Long
FX:XAUUSD   Oro / Dollaro
Gold broke the downtrend line on monthlies and almost a retest to that few weeks ago, my call for long around 1322 till 1359 met the target yesterday, but still I see lot of potential in Gold to move higher, On dailies it had ABC correction and then a nice rally with some consolidation and finally reached the target, In my opinion the recent low looks like a multi year low now, I am looking to build a longer term position targeting 1550$ by the end of this year,

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