GOLD - XAU/USD Bullish set up
Updated
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
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