TradingView
ShawnMCR
May 28, 2022 3:37 PM

GOLD - XAU - Trading Setup ✅ 

Gold / U.S. DollarFOREX.com

Description

Let's see how XAU is behaving.
This is a 1H chart. (Short Term)

There are two resistance areas on the way up, pushing down on value.
Two support areas are holding the price up.
If the price crosses the local resistance, you can put the solid resistance as the target.

The RSI shows that XAU is above the 50 levels, the center.

If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:



Current Market Price: $1853.63

Let me know your ideas.

Good luck.
Comments
dragon231231
whats your medium term target for gold ?
Goldsignal75
Gold Trade between 21-EMA and 55-EMA
Gold buy eyes 21-EMA
&&&&&&&&&&&&&&&&&&&&&&&&&
ProSignalsFx
good luck next week
TopTradingSignals
nice key levels explained
AlkalineFX
Lovely chart!
UnitedSignals
good work
VasilyTrader
nice structure analysis
yonsfx
Thanks Shawn
More