GOLD GOLD is currently hovering around 1926$, with its upside potential still limited, according to technical indicators in the daily chart. Gold remains below the bearish 20 Simple Moving Average (SMA), heading south below the 100 SMA. At the same time, technical indicators have stalled their recovery, diverging directly below. their midline.In the short term and according to the 4-hour chart, GOLD is still likely to recover its bullish position. The bright metal develops above the bullish 20 SMA, while the longer lines continue to drop above current levels. The 100 SMA is now providing dynamic resistance around 1930$.
Finally, technical indicators remain near recent highs in positive territory, although the Relative Strength Index (RSI) has edged slightly south, in line with a retracement from intraday highs.
Buy the current price, the peaks are also ascending, the troughs are also increasing. Buy gold at current price guys, around 1922. My expectation on this signal is 1935.
Stop loss around 70pip per trade signal, wish us all win the market
Note
BUY 1922 => 1926. +40pip✅✅✅Trade closed: target reached
BUY 1922 => 1934. +120pip✅✅✅✅✅✅BIGWINNote
Congrats to those who follow my signalNote
After winning the first plan, I have the second plan, all went according to plan
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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.