rookpaal
Long

Possible shortterm Gold rally?

FX:XAUUSD   Gold Spot / U.S. Dollar
64 1 1
Depending on the MACD Crossing, we could see at least a mini rally up to the 0.5 Fib line.

With a tight stop this could make a very decent RR trade.

1. RSI Bullish Divergence
2. Potential MACD Cross
3. Retest Ichimoku Cloud

Drawing a line parallel to the support line could even be the definition of a new channel. Leading to the chosen TP point.

Stoploss will be hit if the cloud and trendline is broken


Here's to my first published trade idea :0
many thanks.
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