fxplan

Trade Plan: Gold / Feb 12, 2016

Gold: remains Bullish above 1180 level, waiting for a dip to buy again.

  • Current trend: remains Bullish above 1180.
    #On the weekly chart,
    Gold hit the resistance at 200-EMA(1260),
    above 1180 could target 1300, 1345 and 1392.
  • Support and resistance:
    S1#1230 , S2#1207, S3#1170
    R1#1275 , R2#1305 , R3#1345
  • Trading tips: To be safe should be patient and waiting to buy the dips.
  • Strategy: buy above @1180, SL @1170, TP @1300-1345

gold