Gold tested the MA100 (1d) and Support (1) twice and held, which resulted into the two day rebound we see.
This is not just an MA rebound but a direct hit on the long-term Channel Up that started late in 2022.
Consequently this is the new bullish leg to a new Higher High. A crossing over the MA50 (1d) validates this.
Trading Plan:
1. Buy on the next red candle or upon a break-out above the MA50 (1d).
2. Sell if the price closes under the MA100 (1d) and Support (1).
Targets:
1. 2080 (Resistance 4).
2. 1850 (the MA200 1d).
Tips:
1. The RSI (1d) crossed above its MA line, same with February 28th. That was a day after the bottom of the Channel Up at the time and the start of the new bullish leg.
Please like, follow and comment!!
Notes:
Past trading plan:
This is not just an MA rebound but a direct hit on the long-term Channel Up that started late in 2022.
Consequently this is the new bullish leg to a new Higher High. A crossing over the MA50 (1d) validates this.
Trading Plan:
1. Buy on the next red candle or upon a break-out above the MA50 (1d).
2. Sell if the price closes under the MA100 (1d) and Support (1).
Targets:
1. 2080 (Resistance 4).
2. 1850 (the MA200 1d).
Tips:
1. The RSI (1d) crossed above its MA line, same with February 28th. That was a day after the bottom of the Channel Up at the time and the start of the new bullish leg.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.