Gold is on the rise

24 thg 5, 2017

Hey!

I just quickly want to recap what might be happening on GLD now!

• It is forming a very often seen breakout formation.
  
• While I'm speaking it's already moving higher.
  
• I believe that if the white box is left, it's a good place to buy.
  

The two red lines are support 'areas' that I use to predict possible changes in the price.

If price does break out, I can easily see it going to the previous high - 1263 - with a stop at 1257.

24 thg 5, 2017

Ghi chú

We are getting closer to the upside of the white box. Watch out.

24 thg 5, 2017

Ghi chú

AND THE BREAKOUT HAPPENED! Let's see if we reach the targets.

24 thg 5, 2017

Ghi chú

1256-1257 is the first target before 1263

24 thg 5, 2017

Ghi chú

Once again, the prediction was correct. First target was hit.

24 thg 5, 2017

Ghi chú

Now we're track on to hit the second target.