Pure 1D Chart Analysis: GOLD will CONTINUE rising
Updated
Hi, guys!
Pure Charting Analysis (no indicators, only Pure Logic and 10 years of Experience) for your attention.
* Gold has found a local Support around 1,480 - 1,490 after making a multi-week double top at 1,550.
* This is a Buy Area for both, long-term and short-term run since more money flows into precious metals and gold market, so the bullish trend is gaining even more momentum.
Trade Signal
Buy anywhere around 1,500
Target: next round number at 1,600
Stop: if it happens and the price goes down 1,400-1,430 are, Buy more to average out. It won't get down much.
GOOD LUCK!
Yours,
Market Wizzard
Pure Charting Analysis (no indicators, only Pure Logic and 10 years of Experience) for your attention.
* Gold has found a local Support around 1,480 - 1,490 after making a multi-week double top at 1,550.
* This is a Buy Area for both, long-term and short-term run since more money flows into precious metals and gold market, so the bullish trend is gaining even more momentum.
Trade Signal
Buy anywhere around 1,500
Target: next round number at 1,600
Stop: if it happens and the price goes down 1,400-1,430 are, Buy more to average out. It won't get down much.
GOOD LUCK!
Yours,
Market Wizzard
Trade active
Trade keeps in line with the forecast. Long is held.
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