GOLD: 18.07.2017
Our expectation: Possible end of a correction, which ended at Fibo 50% and horizontal support around the zone of $1,200-$1,210. Price again is heading higher, as it passes above 200 МА and diagonal resistance. SL: $1217
Alternative scenario: If the price falls and passes below the $1217 and below the horizontal support, it will cancel the bullish view and may give us a signal for short instead.
Comment: Price Action Signal - Higher lows, Price is above 200 МА, Doji bar at horizontal support, Fibo 50% held.
DEM(14): Confirming long move
SMA50 above SMA200 - bullish formation
Trader - S. Fuchedzhiev
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