Take a look on XAUUSD chart H1, we see a positive sign to UY.
* MA20 is cutting up MA50
* RSI diverged and surpassed the 50% neutral level, indicating that buying power is stronger than selling at this price.
So I think that, this time is suitable for us to disburse in the short term to buy and earn profit.
Resistance level: 1304
Support: 1285.
* MA20 is cutting up MA50
* RSI diverged and surpassed the 50% neutral level, indicating that buying power is stronger than selling at this price.
So I think that, this time is suitable for us to disburse in the short term to buy and earn profit.
Resistance level: 1304
Support: 1285.
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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.