Gold crossed over the MA50 4H and invalidated the Channel Down.
This rise is strong as it started on a Double Bottom.
The price already filled the 0.382 Fibonacci level.
Trading Plan:
1. Every pull-back near the MA50 4H starting from now.
Targets:
1. 1870 (which is a little under Fibonacci 0.786 and on a projected course with the MA200 4H). Close the trade earlier though if it hits the MA50 1D earlier.
Tips:
1. The RSI 4H is entering a 1 month Resistance. Use this to anticipate when the price might pull back in order to either take short term profits or be ready for buying price pull backs.
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This rise is strong as it started on a Double Bottom.
The price already filled the 0.382 Fibonacci level.
Trading Plan:
1. Every pull-back near the MA50 4H starting from now.
Targets:
1. 1870 (which is a little under Fibonacci 0.786 and on a projected course with the MA200 4H). Close the trade earlier though if it hits the MA50 1D earlier.
Tips:
1. The RSI 4H is entering a 1 month Resistance. Use this to anticipate when the price might pull back in order to either take short term profits or be ready for buying price pull backs.
Please like, follow and comment!!
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Disclaimer
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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.