lukelehepuu
Panjang

GOLD TO RALLY?

FX:XAUUSD   Emas/Dolar U.S
After breaking the narrowing trading wedge , price broke below the support and declined to around 1215.00. I wanted to see a rally in the price earlier but did not get it.

Looking at the chart we can now see price might find support at the 50SMA around the 1215.00 area, I feel there is an opportunity to get long gold             here with the first target at 1250.00.
I agree, I think we may get one more little dip into $1210-$1208 but after that Im looking for a rally.

Balas
@pato, nice! Let's see what happens!
Balas
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