XAUUSD Bullish Cross on 4h targeting Triangle's top
Gold has just formed a Bullish Cross between the MA50 and MA100 on the (4h) time frame.
Besides this buy signal, the price is holding the MA50 (4h) as Support.
The whole price action is supported by the Rising Support of this medium term Triangle pattern.
Trading Plan:
1. Buy as long as the price is closing over the MA50 (4h).
2. If it breaks, buy near the Rising Support.
Targets:
1. and 2. 1983 (under Resistance 1 and MA200 (4h)).
Tips:
1. The RSI (4h) is trading inside a Channel Up since the price started the Triangle. The price near the Channel's bottom is a buy and near its top is a sell.
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Notes:
Past trading plan:
Besides this buy signal, the price is holding the MA50 (4h) as Support.
The whole price action is supported by the Rising Support of this medium term Triangle pattern.
Trading Plan:
1. Buy as long as the price is closing over the MA50 (4h).
2. If it breaks, buy near the Rising Support.
Targets:
1. and 2. 1983 (under Resistance 1 and MA200 (4h)).
Tips:
1. The RSI (4h) is trading inside a Channel Up since the price started the Triangle. The price near the Channel's bottom is a buy and near its top is a sell.
Please like, follow and comment!!
Notes:
Past trading plan:
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