Back
2 Apr 2015
Gold: Weak pullbacks are long opportunities - 2ndSkies
FXStreet (Bali) - Any weak pullbacks towards 1180 and 1190 may be good opportunities to long Gold , notes Chris Capre, Founder at 2ndSkies.
Key Quotes
"Short term we have a base in place as the few hours of buying eclipsed almost a day of selling, suggesting bulls have the momentum short term."
"Any weak pullbacks towards 1180 and 1190 may be good opportunities to long. Taking out the weekly highs will add further upside risk, while a daily close below 1178 puts increased bearish pressure on."
Key Quotes
"Short term we have a base in place as the few hours of buying eclipsed almost a day of selling, suggesting bulls have the momentum short term."
"Any weak pullbacks towards 1180 and 1190 may be good opportunities to long. Taking out the weekly highs will add further upside risk, while a daily close below 1178 puts increased bearish pressure on."