InvestingScope
Long

XAUUSD: 4H Resistance break-out. Bullish.

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold respected the 1D Support Zone (1,276.50 - 1,281) last week which cause a strong rebound at 1,281. After breaking the 1,300.50 4H Resistance, 4H has turned into a strong buy again ( RSI = 64.279, Highs/Lows = 8.0379, ADX = 27.299) while 1D turned neutral ( RSI = 52.247) potentially aiming at the 1,324.45 - 1,326.20 1D Resistance Zone . Our TP is 1,325.







** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality signals (http://www.investingscope.com) for live buy/sell opportunities on a variety of financial assets.
Agree. Failed head and shoulders will create a great buy here.
Reply
InvestingScope etfsandstuff
@etfsandstuff, Correct. So far it has, it is now a matter of establishing a support.
Reply
1330 may be?
Reply
@ToeiyGenx, Yes very possible. The long term Resistance Zone is at 1,355 - 1,370.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out