GOLD: had a perfect rebound from the yearly support back in November. This rebound was expected as this support is has been tested four times indicating a very strong line of support for GOLD. In addition, this rebound comes after 4 weeks of bearish sentiment for GOLD.
Plan & Profits: Another test of the line of support is very possible in which will be a very good opportunity to BUY. I would recommend buying GOLD now at the price between 1245-1255.
Target Price: 1284, 1294, Ultimate TP at 1304
Stop Loss: 1232
Risk Disclaimer: Trading forex carries risk and is not suitable for everyone. Due to the naturally leveraged natural of trading, leverage can work can significantly increase your profits and your losses.