Monday, December 17, 2012

GOLD Long Trade Setup

myfxvoyage.blogspot.com GOLD Long Trade
GOLD H4
This setup and technical moves are unfolding from past few sessions. Previous post [here].

A support once broken, becomes resistance. A resistance once broken, becomes support. 



I plan to go long on touch of lower support area which comes around 1678/75 with stop just below it at 1670. I would be targeting area around 1685/90. 

Area around 1675 was previously resistance which turned support. Price has tested this area once and have bounced off strongly. 


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