You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 120.2389 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
Gold Spot – approaching a resistance line that has been previously tested at least twice in the past
Gold Spot is moving towards a resistance line. Because we have seen it retrace from this line before,…
If Natural Gas touches 3.4825 it may be time to take action.
Natural Gas is moving towards a support line. Because we have seen it retrace from this level in…
Gold Spot is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 10 days.
Gold Spot is moving towards a resistance line. Because we have seen it retrace from this line before,…