Gold is trading inside a Channel Up for the whole month of January.
Every impulse rise has been +/- 2.80%. At the moment we are in the middle of the latest impulsive wave.
Trading Plan:
1. Buy on the spot.
2. Sell if the MA50 4H breaks.
Targets:
1. 1950 (2.80% rise)
2. 1880 (top of the Demand Zone).
Tips:
1. The MA50 4H hasn't been crossed since Dec 29th. This means that Gold is very clear on its current bullish trend but even clearer on what its support is and what will follow when it breaks.
2. The RSI is moving downwards posting Lower Lows. Possible bearish divergence.
Please like, follow and comment!!
Every impulse rise has been +/- 2.80%. At the moment we are in the middle of the latest impulsive wave.
Trading Plan:
1. Buy on the spot.
2. Sell if the MA50 4H breaks.
Targets:
1. 1950 (2.80% rise)
2. 1880 (top of the Demand Zone).
Tips:
1. The MA50 4H hasn't been crossed since Dec 29th. This means that Gold is very clear on its current bullish trend but even clearer on what its support is and what will follow when it breaks.
2. The RSI is moving downwards posting Lower Lows. Possible bearish divergence.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.