1. EMAs are moving up
2. RSI and price action has consolidated for a week and a half and 4 hourly and hourly price action are looking good with EMAs showing good support.
3. Demand zone held up well
4. RR could be better so not putting on full size with this.
*Fundamentally, stocks are bearish now and I would see money moving more into gold prices.
2. RSI and price action has consolidated for a week and a half and 4 hourly and hourly price action are looking good with EMAs showing good support.
3. Demand zone held up well
4. RR could be better so not putting on full size with this.
*Fundamentally, stocks are bearish now and I would see money moving more into gold prices.
Comment:
Reaching major resistance, we can look to take some off
Trade closed: target reached