Gold Buy IdeaGold is currently at a good support zone. I believe we will see a further move up. Wait for a false break to the down side, followed by a breakout of last high and then buy pullbacks. As of now last high is around 1234.30.
GOLD-BUY
Potentially long gold CYPHER PatternGold potential cypher pattern.
Entry 1236.76
Directional trend and trend-line support confluence.
buy xauusd tgt 1242-1289by perfect crab pattern,
Entry : 1197-1199
tgt 1 : 1242
tgt 2 : 1289
stop : 1190
3-Drives Pattern + FIBWe should consider some long positions around 1230. Very harmonic structure.
Possible reversal at fib. 76,4% (1228)
Target would be fib 38,2% (1311)
Buying Gold Technically i think 1300 will be the best price to buy precious metal by putting stop below 1295 and target 1310 as first then 1315. As RSI is also crawling above 50 which is quite bullish and other technical indicators are also in favor of buy signal.
