I make use of the TDI indicator on my charts and look for when the price has extended through the lower or upper price bands and is turning either south (short trade) or north (long trade). Gold is sat nicely on a rising trend line and the TDI is favourable for a LONG trade.
Gold has been under pressure for some weeks and although we can't rule out a move lower a LONG trade from these levels with a STOP under the recent low may work.
Gold has been under pressure for some weeks and although we can't rule out a move lower a LONG trade from these levels with a STOP under the recent low may work.