TraderRadeau

Gold back to the top

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
On the H4 time frame, there is a divergence between the upward movement of the candlestick and the downward movement of the Stochastic indicator. So it can be concluded that in the short to medium term Gold will rise.


Note: This is just an idea from me, please compare it with your own analysis before opening a position. Thank you.
Comment: I added my analysis, especially on the daily time frame, it can be seen on the chart, the price has bounced up above the major support area around 1700-1680.

Comments

Interesting idea a bounce from major supportive area triggered by the oscillator crossing👍 Thank you for sharing your Stochastic settings too🙏
+1 Reply
@cozzamara thank you also for the appreciation 🙏🏻
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May I ask whats the Stochastic setup
+1 Reply
@a_faris my Stochastic setup is 5-3-3 from its initial setup of 14-3-3
+1 Reply
a_faris TraderRadeau
@TraderRadeau, Thank you
+1 Reply
@a_faris my pleasure ☺️
Reply