09 July Tuesday View

Gold's low yesterday was 29380 (USD 1218.50) which was higher than previous trading day, Friday's low 29140 (USD 1208.54), technically it is higher low, a bullish indication. The trend line drawn in the chart image in the morning is perfectly holding up until now. Price has easily overcome the previous resistance of 30125 (USD 1249.39). It is now within the channel 29451 (USD 1221.40) and 30590 (USD 1268.70) as anticipated. Long as the trend line in M15 Chart (09Jul_M15 at Google Drive) and now the level 29451 (USD 1221.40) hold, we may see the price attempt a test of further higher levels.

Trade Happy, Trade Safe :)