For the week commencing 18th February I will be looking at GOLD for a trading opportunity.
There is currently an uptrend supported by TRENDLINE A - whether this line will supported again this week is yet to be seen.
There is strong support at 1,300. The next significant resistance level will likely appear between 1,360-1,365; potentially forming a second shoulder.
My trading strategy will be to wait and see if the price continues - if so, will be placing tp @ 1,355.
Ciao.
There is currently an uptrend supported by TRENDLINE A - whether this line will supported again this week is yet to be seen.
There is strong support at 1,300. The next significant resistance level will likely appear between 1,360-1,365; potentially forming a second shoulder.
My trading strategy will be to wait and see if the price continues - if so, will be placing tp @ 1,355.
Ciao.
