Gold has been trending up for the most part of 2014.
Chart below:
Price has begun to move higher again following a small period of consolidation.
Price has made a new high this morning driving a cross in the moving averages.
I am looking for a long position as detailed below.
Levels and Chart below:
1st Entry: 1339.00
2nd Entry: 1335.00
Averaged Entry: 1337.00
Stop Loss: 1330.00
1st Target: 1372.00
2nd Target: 1432.00
I will update again should the position be opened.
Have a great week.
Regards.
MDT
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