Monday, December 22, 2014

GOLD trading recommendation

GOLD - H4 chart

Gold remains in the narrow consolidation zone, still being undecided which direction to choose. If it breaks above 1201 resistance it should gain up to 1213 and 1220. If it fails to break this line and falls below 1192 support and breaks the current uptrend line, the way towards 1186 and 1176 is open
GOLD - H4 chart

GOLD Trading conditions Targets
BUY
Buy after breaking above 1201 level 

T1 1213
T2 1220
SELL
Sell after breaking below 1192 level and current uptrend supportive line

T1 1186
T2 1176

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