Gold Long-term Target: 2310, 2350
Gold successfully reached the target 2223 where is the extended Fibo123.6%, and is making the 4th uptrend weekly move. Final bullish trend will stop after the 5th weekly uptrend move. That may after 5-6 weeks later.
* 1st support: 2190-2195.
* 1st resistance: 2270-2275 (Fibo138.2%)
2nd resistance: 2310-2315 (Fibo150%)
3rd resistance: 2350-2355 (Fibo161.8%)
* bull & bear boundary: 2145
Our short-term selling orders opened at 2170 & 2176 were closed at 2166.
We are still holding buying orders opened at 1986 & 1990 with SL moved up to 2139, waiting for greater profit at the long-term bullish target.
Let's see the result.
* 1st support: 2190-2195.
* 1st resistance: 2270-2275 (Fibo138.2%)
2nd resistance: 2310-2315 (Fibo150%)
3rd resistance: 2350-2355 (Fibo161.8%)
* bull & bear boundary: 2145
Our short-term selling orders opened at 2170 & 2176 were closed at 2166.
We are still holding buying orders opened at 1986 & 1990 with SL moved up to 2139, waiting for greater profit at the long-term bullish target.
Let's see the result.
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