Gold buy signal
Updated
Gold price closed Monday above the all-important 50-Daily Moving Average (DMA) at $1,932, confirming a bullish reversal from three-week lows.
Therefore, the further upside now opens up toward the September high of $1,953 should Gold price manage to take out the mildly bullish 100 DMA at $1,945 on a sustained basis.
The 14-day Relative Strength Index (RSI) indicator is holding well above the 50 level, suggesting that the bullish potential remains intact.
Gold buy now 1934
Target 1938
Target 1942
Target 1946
Target 1959
SL 1920
Therefore, the further upside now opens up toward the September high of $1,953 should Gold price manage to take out the mildly bullish 100 DMA at $1,945 on a sustained basis.
The 14-day Relative Strength Index (RSI) indicator is holding well above the 50 level, suggesting that the bullish potential remains intact.
Gold buy now 1934
Target 1938
Target 1942
Target 1946
Target 1959
SL 1920
Note
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Gold buy 20 pips runningNote
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Hello everyoneNote
XauusdNote
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