Gold H1
As far as I know, trend lines and price action levels work in MACD as well. Right now, in this timeframe, we have this trend line in MACD and the most likely scenario is that MACD will turn above this trend line and regain upward momentum.
Unless the price starts a strong downward move in the near future, i.e. in the next few hours, MACD will break the trend line.
Let's see what happens.
Unless the price starts a strong downward move in the near future, i.e. in the next few hours, MACD will break the trend line.
Let's see what happens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.