GOLD - moving to the upside
we have seen strength in gold for the past couple of weeks but we was waiting for price to break its monthly zone to the upside as we know that there is a lot of sell pressure in that zone. now we have broken that zone we have fundamental and technical direction to the upside, we can also see the lower timeframe uptrend that price seems to be respecting. what we are going to look for is exhaustion to the uptrend and monthly zone then price action and entry confirmation for a trade to the upside with a potential to trail our stop loss if price has a significant move to catch as many pips as we can.
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