GOLD, stronger movement in sight!?
Gold is quite indifferent to developments in the market in the past two weeks, stuck between 1190/1208. Could we see a stronger move here soon? I think we could. The gold has pushed into corner of this triangle and ‘something’ must be broken here. It’s not easy to predict where it will go, because gold doesn’t react stronger to the weak, or the strong US dollar in the last couple of days. 1190/95 provides a solid support as I wrote in my previous analysis. If you follow my blog and my analysis of gold, then you certainly know what’s my view here, with possible inverse H&S. Let’s see what will happen today!?
Nice setup Mario. What’s your target at the end? First is 1238, right?
1208 –>1223–>1238, but yes, 1238 is the first target for my long.