XAUUSD (GOLD 4H) - Potential bounce
Updated
Hi everyone,
I see a possibility for buying gold, due to the proximity to the most recent support. A hammer candle is another of the signs that push for this trade. Regarding indicators, the RSI is oversold and the MACD is pointing a bullish cross, plus a first green tick appeared on its histogram.
Buy entry: 1271.817
TP: 1289.697
SL: 1263.917
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
I see a possibility for buying gold, due to the proximity to the most recent support. A hammer candle is another of the signs that push for this trade. Regarding indicators, the RSI is oversold and the MACD is pointing a bullish cross, plus a first green tick appeared on its histogram.
Buy entry: 1271.817
TP: 1289.697
SL: 1263.917
*Not financial advise. Just sharing my ideas :)
Feel free to give your feedback/opinion. Thanks for reading!
Trade active
Buying now half position, just in case it doesn't trigger the full position at the buy entry price.Note
Moved SL to breakevenNote
Bull flag formation. Hopefully clear skies ahead.Trade closed: target reached
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