Gold Entry Level

The resistance level 1260.00 was broken and now we can think about entry levels for opening long trades. If we buy from the current level, it won't be a good idea, because MACD histogram falls and RSI is in overbought zone. It's much better to wait for correction to 1260.00 or MA20 and buy from these levels. ADX line rises above 20 value and it shows that we have a beginning of a new up movement. Our target is to find the right time for opening long trades.