Gold has held its 1D candle closings on the 1D MA50 (blue trend-line) for 2 straight sessions and today despite the low volume (due to the Thanksgiving holiday), is attempting to print its first green 1D candle since November 17.
As you see this is right on the Higher Lows trend-line of the Bullish Megaphone, slightly above the bottom trend-line of the Channel Up and with the RSI on its own Higher Lows trend-line. As long as this holds, the price should rebound and initially aim for the 1876 Symmetrical Resistance.
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As you see this is right on the Higher Lows trend-line of the Bullish Megaphone, slightly above the bottom trend-line of the Channel Up and with the RSI on its own Higher Lows trend-line. As long as this holds, the price should rebound and initially aim for the 1876 Symmetrical Resistance.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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💰Free Channel t.me/tradingshotglobal
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🔥New service: next X100 crypto GEMS!
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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.