GOLD:
Date: 30 September, 2016
H4 Graph: Choppy and short term long
To look for longs here, we see 4th higher low and price did hold above horizontal support after the correction down to $1318,00. It is possible that we have a consolidation phase with formation " Triangle". There is an impulse for long. The horizontal support is also at the same level as the Fibo 61,8% from the previous long move.
Alternative Scenario: If the price breaks below the horizontal support and Fibo 61,8% will cancel this bullish view
DEM (14) - In oversold zone and turned up for long.
Price for Entry long around: $1325,00
SL: $1316.00
Jr. Trader - S. Fuchedzhiev
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