On the 4h timeframe we can see a little bullish divergence (yellow line) , till now gold is maintening above the EMAs if it can hold the EMA 50 it has space to grow before a retracement.
MACD: seems ready to cross into green zone - (Bulish)
RSI: Oversold (bullish)
My entries will be at 1910 range
Target: 1955, right before the major resistance.
MACD: seems ready to cross into green zone - (Bulish)
RSI: Oversold (bullish)
My entries will be at 1910 range
Target: 1955, right before the major resistance.
Comment:
I will take first take profit at 1935
Trade closed: target reached:
closed at 1950