Wait for clear signal to trade
Gold broke out the down-trend line. However, it failed to break out the 38.2% retracement of 1302.70 to 1346.85 at 1330, the re-start of rebound from 1321 isn't very clear. If it stood stably on 1324.50, further rise should seen to 1333 and 1335 next. Otherwise, it breaks out the support and drops under 1324.50, it'll turn focus back to 1321 and 1317 support instead. Thus, wait for the clear signal to trade.
The target is 1335.
Turning point: 1324.50.
Above 1324.50, bullish , target price is 1333,then 1336.
Under 1324.50, bearish , target price is set at 1321, then 1317.
The RSI indicators are bearish but confusing.
Prior Strategy:
The target is 1335.
Turning point: 1324.50.
Above 1324.50, bullish , target price is 1333,then 1336.
Under 1324.50, bearish , target price is set at 1321, then 1317.
The RSI indicators are bearish but confusing.
Prior Strategy:
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