GOLD - XAU/USD Bullish set up
On the 4h timeframe we can see a little bullish divergence (yellow line) , till now gold is maintening above the EMAs if it can hold the EMA 50 it has space to grow before a retracement.
MACD: seems ready to cross into green zone - (Bulish)
RSI: Oversold (bullish)
My entries will be at 1910 range
Target: 1955, right before the major resistance.
MACD: seems ready to cross into green zone - (Bulish)
RSI: Oversold (bullish)
My entries will be at 1910 range
Target: 1955, right before the major resistance.
Note
I will take first take profit at 1935Trade closed: target reached
closed at 1950
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.
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.