Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Stand by for BUY signal on Gold
Gold Spot / U.S. Dollar
Long
Stand by for BUY signal on Gold
By Memo_Mountain
Follow
Follow
Updated
Jan 8, 2023
4
Cheer
Cheer
1
1
Dec 19, 2022
Stand by for BUY signal on Gold
1.790/1800
is an important area of support/resistance.
1) A breach and close above this level,
will resume the trend line and climb to 1830/40.
2) if the price can't break the 1790/1800 barrier
the trend will most likely change and retreat to 1700 levels
3) Right now, price is underpinned
by 1790 support baseline and 50 EMA.
And above the 200 EMA
4) Money flow index is in the green zone supporting Upside continuation
Jan 8, 2023
Trade closed: target reached
Please comment if you ride the nice up wave on this one. I sure did :)
buy
buygold
Chart Patterns
Gold
longgold
memomountain
Trend Analysis
XAUUSD
Memo_Mountain
Follow
Follow
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
.