LONG ON GOLD (XAU/USD)
Price has found support 1917 and has formed a double bottom on the rsi and macd with divergence.
The setup is picture perfect. I expect price to get to 1945 the next resistance zone/area.
Here is the play I will be taking:
BUY - XAU/USD
P = 1926
SL = 1915 = 1110 PIPS
TP = 1945 = 190 PIPS
The setup is picture perfect. I expect price to get to 1945 the next resistance zone/area.
Here is the play I will be taking:
BUY - XAU/USD
P = 1926
SL = 1915 = 1110 PIPS
TP = 1945 = 190 PIPS
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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.