GOLD is Going Further Up

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GOLD has formed a strong move up and after a 100 pip win I had yesterday on GOLD, I expect further continuation up.

CAMMACD.Sit is showing a potential for 1-2-3 pattern. Point 1 is a momentum move (trend), Point 2 is correctional, Point 3 will be impulse. If the price doesn’t break the point 1 to the downside and makes a break above 2 1596 is the level to watch for a breakout up. Whatever happens both m15 and H1 are showing uptrend which is aligned with H4. If the price drops below the channel – 1570 then I will move to H1 and search for 1-2-3 patterns there. Target is 1609.22 with a potential for 1622.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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