Golden_Oracle

Confluence abound, expecting a bounce

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
-Daily 200 SMA/EMA
-Bottom of primary trend channel
-Fib 1.618 of lower Distribution (or Reaccumulation) phase
-2012-2013 triple top (previous bull market top if you discount the initial blow off top)
-Fib 1.272 extension of BC to AR Distribution (or Reaccumulation ) phase
-Supply zone at ~1800
-Lowest 4Hr RSI since Aug-2018 (Wyckoff spring and start of current bull market)
-Bottom of Fall season channel
-1800 nice round number

I'm expecting a bounce or a bottom here...
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.