Gold Trading Idea

The market is in up trend. Price falls to MA100 (yellow line) and the support level. This is a very important zone for trading. MACD and DMI confirms strong down movement. If price breaks MA100 and 1220.00 level, we'll have short opportunity. Open short trades with stop above 1260.00 and profit targets at 1200.00 and 1150.00 levels. If price bounces from MA100 and RSI confirms it, we'll have long opportunity. Long trades should be opened when MACD gives bullish signal. Stop orders for long trades must be placed below the local swing low. Profit target should be at 1290.00 level.