with all the stuff that is going on in this world currency wars and stuff.. im looking to long gold
technically :-
- RSI showing a good bullish divergence on weekly chart
- Gold is near to Multiyear trend line *brown Line
- Gold is Approching the end of a channel in Blue line
will hold gold as i believe gold is a matter of time before exploding to the upside...
i would love to take this trade with a hammer/pinbar close for today... very good Risk reward ratio.. targeting the 1st resistance at 1.49 and maybe looking forward towards 1.52++ before looking for any bearish sign for short.. :D
