MACD crossed 0 + becoming less red, could be the start of trend reversal
RSI and Stoch RSI is LOW
Gold Bounced Twice from 1450, also the last candle is a green spinning bottom candle + engulfing candle.
So is more likely to retest 1515 resistance line + potential brakeout
so potential target could be 1561.
Depends on how interact gold on 1515 resistance line.
You could open a buy on 1515 after a breakout and pullback.
so your risk reward is 1:4
Push like if this idea useful to you!
Leave a comment below!
Legal disclaimer: I am not a financial advisor.
You trade at your own risk and nobody can guarantee you results.
RSI and Stoch RSI is LOW
Gold Bounced Twice from 1450, also the last candle is a green spinning bottom candle + engulfing candle.
So is more likely to retest 1515 resistance line + potential brakeout
so potential target could be 1561.
Depends on how interact gold on 1515 resistance line.
You could open a buy on 1515 after a breakout and pullback.
so your risk reward is 1:4
Push like if this idea useful to you!
Leave a comment below!
Legal disclaimer: I am not a financial advisor.
You trade at your own risk and nobody can guarantee you results.