XAUUSD - A Bullish Gold
- Gold is currently making HH and HL showing classic up trend.
- Last impulse move went from 2265.505 to 2304.990, an up move of about 1.74%.
- Since makeing HH, price has retraced to 0.5 fibonacci value making HL of 2282.690, a down move of about 0.97%.
- No bearish divergence has been identified.
- Price has completely retraced to trend line.
- Bullish confluence is observed.
- Last impulse move went from 2265.505 to 2304.990, an up move of about 1.74%.
- Since makeing HH, price has retraced to 0.5 fibonacci value making HL of 2282.690, a down move of about 0.97%.
- No bearish divergence has been identified.
- Price has completely retraced to trend line.
- Bullish confluence is observed.
Trade active:
Trendline is broken. Possible trend reversal in play.
Trade active:
Target 01 achieved. Move stop loss to break even.
Trade closed: target reached