GOLD signaling a change
XAUUSD is giving some signals that the direction may change. The price held above the support area 1160 and oversold RSI started to point up. 2 hours before the daily close, candle formation is signaling a bullish reversal. This trade idea needs more confirmation to make it an active long trade.
Note
a close below 1160 will bring further weakness. No trade for nowNote
this is no longer valid and we will be looking to sell on pullbacks
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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.