Gold is on a technical rebound after it hit the bottom of the 1 month Channel Down.
It remains under both the MA50 and MA200 (4h) indicating significant short term upside potential.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1950 (under the Falling Resistance on a potential contact course with the MA200 (4h).
Tips:
1. The RSI (4h) got oversold on Friday and is now neutral, a further indication of the strong short term upside potential.
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Notes:
Past trading plan:
It remains under both the MA50 and MA200 (4h) indicating significant short term upside potential.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1950 (under the Falling Resistance on a potential contact course with the MA200 (4h).
Tips:
1. The RSI (4h) got oversold on Friday and is now neutral, a further indication of the strong short term upside potential.
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.