The ounce of gold was rising again yesterday to test its moving average at 20 sessions due to its double support on the 1,560$ level. In this context, investors can play an acceleration of this movement towards the upper Bollinger band and the resistance at 1620$. The scenario will not be invalidated as long as markets evolve over the moving average at 7 sessions, which offers a great opportunity for investors wishing to be bullish.
Direction: Up
Entry: $ 1,600 (trigger threshold)
Stop-Loss: $ 1580
Take-Profit: $ 1,618
