Gold is on the rise

٢٤ مايو ٢٠١٧

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.

٢٤ مايو ٢٠١٧

ملاحظة

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

٢٤ مايو ٢٠١٧

ملاحظة

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

٢٤ مايو ٢٠١٧

ملاحظة

1256-1257 is the first target before 1263

٢٤ مايو ٢٠١٧

ملاحظة

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

٢٤ مايو ٢٠١٧

ملاحظة

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