Gold is trading inside a Channel Down, under the MA50 (4h).
The price recovered today as it made a Lower Low on the Channel's bottom after the RSI gave a Bullish Divergence and the MACD eventually formed a Bullish Cross.
Trading Plan:
1. Sell as long as the price closes under the Resistance level and the MA50 (4h).
Targets:
1. 1935 (Support 2).
Tips:
1. The RSI (4h) is under a Falling Resistance since October 20th. Sell if it stays under.
2. Further validation for a sell, when the MACD (4h) forms a Bearish Cross.
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Notes:
Past trading plan:
The price recovered today as it made a Lower Low on the Channel's bottom after the RSI gave a Bullish Divergence and the MACD eventually formed a Bullish Cross.
Trading Plan:
1. Sell as long as the price closes under the Resistance level and the MA50 (4h).
Targets:
1. 1935 (Support 2).
Tips:
1. The RSI (4h) is under a Falling Resistance since October 20th. Sell if it stays under.
2. Further validation for a sell, when the MACD (4h) forms a Bearish Cross.
Please like, follow and comment!!
Notes:
Past trading 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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.