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TevinW
Jul 9, 2018 7:42 AM

GOLD Bulls Taking Over (DAILY) Long

Gold/U.S. DollarFXCM

Description

GOLD bulls seem to be taking over, as shown by the bullish engulfing candle and increase in buying momentum. We also have confirmation of the trend line and bottom of the pitchfork area acting as support. Best target looks to be the bottom of the channel that gold broke out of before, which might act as resistance.

Comment

Take partial profits after doji (possible evening star formation) at the HOURLY.
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