Seems like gold has been respecting the bullish trend line. Buying at 1312 with a stop loss at 1309 and take profit at 1318 seems like a good RR for now.
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So many resistance at 9000-9400 area. EMA, Pivot points, Cloud and a possibility for a double top at around 9.4k zone. Taking partial profits on your coins with so many resistance would be a great idea.
Seems like gold price has been on a corrective structure since the beginning of Feb. 1312 and below seems like a good buying zone with stop loss a little under 1300 with profit taking at around 1340.
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So will it break the trend line and head higher or will it retraces down?
I personally choose the later. Staying on the side line if you are about to invest your fiat would be the best option at this point of time.
Cheers
Buy under 0.00052. Seems like VENBTC (Vechain) is breaking out soon, perhaps in a few days time. VENBTC rebranding event this month would serve as a catalyst for the breakout as well. Profit target will be a little under 0.00090.
