GOLD Short Term Buying Time
Structure: Upward
Moving Average: 200 SMA strong supports, 4 times attempt to break failed
Trendline: Uptrend Line holds
Pattern: Retest of Previous Ascending Triangle Top Resistance as Support
Trigger: Clear Rebound at 200 SMA, with 6 bullish candles
Support: 1563, 1568
Resistance: 1577, 1583
Wait for small retest to 1570 area, and try to long in a inter-day basis, better wait for US market open
Entry area: 1566 to 1570 area
SL: 1562 / closed below 200 SMA
TP: 1583
Move to Breakeven if price reached 1577
Moving Average: 200 SMA strong supports, 4 times attempt to break failed
Trendline: Uptrend Line holds
Pattern: Retest of Previous Ascending Triangle Top Resistance as Support
Trigger: Clear Rebound at 200 SMA, with 6 bullish candles
Support: 1563, 1568
Resistance: 1577, 1583
Wait for small retest to 1570 area, and try to long in a inter-day basis, better wait for US market open
Entry area: 1566 to 1570 area
SL: 1562 / closed below 200 SMA
TP: 1583
Move to Breakeven if price reached 1577
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