On Tuesday, Gold was about flat to $1711.3, the yellow precious metal was below its 20D MA (@ $1770) & below its 50D MA (@1813), the 14d RSI below (26.18) indicates gold was over sold, while the precious metal has been consolidating for the past few days despite the fact we have seen weakness in the dollar index. Here we can see clearly the latest news for Gold, & we can see clearly the RSI is showing us a clear DIVERGENCE on the H4 time frame, which is showing us clearly the HIGH PROBABILITY BUY SETUP soon with XAUUSD, Keep a close eye on Gold worlds number 1 precious yellow metal, Happy PIP hunting traders.
@Holy0ne well look at that, it did hit your tp & more, well done for taking our xauusd ( high probability buy setup).
Holy0ne
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@FXKillA, Awesome mate , like you say I caught the 1731. Looking towards 1766 for next week . I'll be careful on Monday tho , Mondays are wild . Thanks again .
Holy0ne
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@FXKillA, got back in today at $1740 , its been a spikey 150 pips so far but I reckon 1772 is possible? Cheers.