End of Day Technical Analysis Report for:
Technical Recommendation: We are Long.
► GOLD: Thursday’s doji was followed by Friday’s bearish inside candle so in yesterday’s STTS analysis we told our subscribers that there was every chance this week we’d see a retracement down to the EMA layer in the 1150-1160 area. Today we saw the continuation of such a move and we can now see that the EMA layer is contained withing the 1156-1170 area which was touched today. We are happy to remain Long and in fact if we get a buy signal inside this area in the coming days we will consider adding to the position.
Technical Recommendation: We are Long. Position +25$ in profit.
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