Yesterday, the main trend is bearish for gold prices. However, in the zone of 1247 - 1249, gold prices met resistance from the trendline support. Trend line defined on D1 time frame, is drawn from the value of 684 USD/oz (October 2008) and 1,179 USD/oz (December 2013).
Gold trading strategy release September 10,2014. Price trends: fell before rising back.
Strategy:
Buy limit: 1252.50 - 1254.50 USD/oz
Stop loss: 1248.30 USD/oz
Take Profit: 1264.30 USD/oz
Hit SL ! :(
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