Gold has been trending up from the beginning of July.
Chart below:
Price has moved through the resistance at 1300.00 and pulled back to the 50% Fibonacci level
(Low 1205.00 High 1349.00)
Price has today moved back above the averages and I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 1298.00
2nd Entry: 1294.00
Averaged entry: 1296.00
Stop Loss: 1285.00
1st Target: 1351.00
2nd Target: 1381.00
I will update again should the trade be triggered.
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