Gold seems to reverse around the S1 (1H traditional pivot-points) and could go up to the daily pivot.
RSI 1H is oversold and the MACD line looks like it is about to cross the signal line - this would indicate a reversal too.
There are some divergences on the 15M chart and RSI is oversold too.
RSI 1H is oversold and the MACD line looks like it is about to cross the signal line - this would indicate a reversal too.
There are some divergences on the 15M chart and RSI is oversold too.
Trade active
Trendline break on the 15MNote
1. restance at 1205 was broken, will take profit at 2. resistance (1206)Trade closed: target reached
Took profits at 1206, nice profit, made my day :-)Maybe I re-enter on pullback
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⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
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.