Emas Semerta / Dolar A.S.
Panjang

Gold - a case to buy on the daily

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Gold has been in consolidation recently following an impulsive move up in march/april 2020 , forming a bullish flag pattern.

The uptrend is further reflected with the shorter term moving average (50 EMA) above the longer term ( 200 EMA) .

For an entry long

1. Entry - around $1678 = coincides with support of the flag, at the Monthly S2 pivot and 3SD price movement ( wanting to buy at the extremes)

2. Stop - around $1653 = below the extreme low of wicks from flag

3. Target - around $ 1764 = coincides with Monthly R2 Pivot and 3 SD price movement to upside.

RR = 3.5 +

Penafian

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