Westender_FX

Westender_FX Updated 

As I use QEMA to look at the H1 chart, GOLD still looks bullish. Candles are above the 100 and 200 EMA lines. The 100 line crossing over 50 line in addition to 20 line on rise crossing 50, 100, and 200. We do need to watch for that 1949-1950 break to continue on to 1960-1962. After that, it should touch 1988-1991 area. My target is 2015. Stop Loss remains at 1883.

Westender_FX

I see GOLD dropping and I'll possibly enter around 1912-1913 area. We're looking for demand level. Support area 1882 (see purple rectangle) so SL will be placed there. TP 1990.

Westender_FX

There is more upside to this Gold run. Fundamentally, war keeps this bullish trend. China and India continues to buy gold for their reserves. Technically, it's still bullish with 20 MA and 100 MA confirming the move. PA is going along the top black slanted line. TP: 1977 (and further up to 2000 possibly) SL: 1912