XAUUSD crossed over the Wedge pattern and turned overbought intra day.
The RSI (4h) hit the top of its Channel Down, so a short term pull back is in order.
Trading Plan:
1. Buy the retest of the Wedge's top.
Targets:
1. 2030 (Rising Resistance).
Tips:
1. The RSI (4h) has been inside its Channel Down while Gold has been inside its Channel Up since March 20th and is still holding. This suggests that the trend remains bullish.
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Notes:
Past trading plan:
The RSI (4h) hit the top of its Channel Down, so a short term pull back is in order.
Trading Plan:
1. Buy the retest of the Wedge's top.
Targets:
1. 2030 (Rising Resistance).
Tips:
1. The RSI (4h) has been inside its Channel Down while Gold has been inside its Channel Up since March 20th and is still holding. This suggests that the trend remains bullish.
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
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.