Gold found support and looks ready for move higher
From the beginning of the year gold was in uptrend from $1179 to $1392 (around 20%) then sold off from highs but found some buying support $1268-$1278 (around 50%-61.8%).
ENTRY:
This pullback is still controlled and with this
1) doji candle bounced off from support zone it gives me entry with tier1 then
2) I will add if it will hold above moving averages ($1300) and
3) another point will be break up of trend line @ $1310
STOP:
1) below low of doji @ $1277.13
2) below $1268 support zone's low
TARGET:
1) 200 MA @ $1320
2) swing high @ $1330
ENTRY:
This pullback is still controlled and with this
1) doji candle bounced off from support zone it gives me entry with tier1 then
2) I will add if it will hold above moving averages ($1300) and
3) another point will be break up of trend line @ $1310
STOP:
1) below low of doji @ $1277.13
2) below $1268 support zone's low
TARGET:
1) 200 MA @ $1320
2) swing high @ $1330
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