Gold / XAUUSD is declining, which is a technical pull back inside the long term Channel Up.
A 4hour Death Cross will be formed tomorrow and in the past 12 months it has been a bearish signal of sell continuation.
We expect the bottom to be either on the 1day MA100 (1930) or the lower dotted line (1910). In either case, over Support A as on February 28th.
Confirmed buy signal will be when you see Higher Lows on the 4hour MACD leading to 0.0.
Long term Target = 2080.
Previous chart:
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A 4hour Death Cross will be formed tomorrow and in the past 12 months it has been a bearish signal of sell continuation.
We expect the bottom to be either on the 1day MA100 (1930) or the lower dotted line (1910). In either case, over Support A as on February 28th.
Confirmed buy signal will be when you see Higher Lows on the 4hour MACD leading to 0.0.
Long term Target = 2080.
Previous chart:
Follow us, like the idea and leave a comment below!!
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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.
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.