Gold will make an important decision in the coming days. Will the $ 1325 - $ 1,340 resistance range be outperformed, or will the gold metal fall below the $ 1,260 level and triggering the bearish trend channel?
I am looking forward to the decision and will then position myself accordingly.
Greetings from Hanover
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Target range reached $ 1,262-1,264 and yesterday's low was $ 1,261.52. Now it will be exciting if the trend reversal takes place. If gold falls below 1.235 and make a lower low, the next trend reversal area is at $ 1,150.
Interesting Test of MoB Level 1,236 and Trendchanging only $ 1,5 above at $ 1,237.50
Gold has taken a first step and everyone who has gotten in front of MoB should be in plus with his positions. The Sl can be retraced from $ 1,236 to $ 1,238. First intermediate goal is $ 1,270 - 1,274.
Trade ist aktiv:
Entry long at 1,224.89
StopLoss at 1,213
Target at 1,270
CRR = 3.8 to 1
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