Gold Buy Opportunity

Gold Buy Opportunity

Gold/U.S. Dollar
FX:XAUUSD

DLavrov

The price broke the downtrend line and move to SMA100. The daily chart gives a bullish signal from MACD histogram. We should be ready to see further upward movement at least in short term. If we look at the current time frame, DMI shows that the bears are not so strong. MACD also confirms the upward movement. Pending orders for buy can be placed at 1325.70 with stop orders below the local swing low at 1312.00 level. The main profit target should be at the resistance level .
Source: TW DLavrov

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