Gold Likely To Take Support from Trend line

27 Jun 2017

It's a good risk to reward. I have set an order to go long at 1240 and a stop loss just below previous support. Take profit is also set at previous resistance. This is a long term trade and could easily take 4-5 months to achieve its target. The 50 day MVA is also likely to provide support at this area. Will watch candlesticks carefully around this area to get a good idea.

30 Jun 2017

Catatan

Order has not been executed. Seems like the 50 day MVA (RED) is providing resistance and the 200 day MVA (BLACK) is also acting as support.

1 Jul 2017

Catatan

Order has been executed.