New Plan on Gold
Updated
Looking for Gold to do something like this... So, a short "long", into a nice short, into good long-term upside potential ! We are retesting this previous level now. Expect to see it hold and bounce, as there is also a short-term trend converging here... Back up to test top of channel, 100 day SMA and resistance... (This could be forming a bear flag as well, which would further support this theory and the next move ->) Then back down to bottom of channel, at which point we will converge with 200 day SMA and support @ 1425... Then long from there ! Expecting this to be the move up outta the bull flag so, should have great, long-term upside potential !
Note
Trade closed: target reached
The first tiny long on this one has pretty much been completed !Trade active
Flipping short !
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