On Friday, Gold spiked up above 1250 but then sold off as the day drew to a close, to close at 1243.3. On the week, Gold was up 14.3 points. All indicators are bullish and, Friday's Heikin-Ashi Doji aside, I am looking for price to at least tag the 1.5 Bollinger Band or higher. Reversing now without even a tag of that 1.5 Bollinger Band would be unusual. So until we get some red color on the chart, I will be maintaining my long position.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
Disclaimer: This post is for educational purposes only. Trading is at your own risk.
