Good long position to put in Gold.
This is an analysis based on only technical analysis.
The Gold looks like it has created a bottom at 1.160 and 1.180, and after that, we have seen an uptrend with rising RSI and MACD. If we look on the weekly chart, we have broken the last high at 1.243, and it looks like we have created a new high at 1.266. I will be going long now at 1.255, with a stop loss at 1.232. Target would be at 1.365, but I would double op if the uptrend continues. My first time doubling up would be on a break at the high at 1.266.
The Gold looks like it has created a bottom at 1.160 and 1.180, and after that, we have seen an uptrend with rising RSI and MACD. If we look on the weekly chart, we have broken the last high at 1.243, and it looks like we have created a new high at 1.266. I will be going long now at 1.255, with a stop loss at 1.232. Target would be at 1.365, but I would double op if the uptrend continues. My first time doubling up would be on a break at the high at 1.266.
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