Gold Entry Level

FX:XAUUSD   Gold Spot / U.S. Dollar
388 0
On the daily chart price moved below MA50. MACD histogram falls and we can search for entry levels based on hourly charts. Look at 4H chart. Price is going to bounce from MA50 and MA100. We'll have possible price reversal and a signal for opening short trades. For placing a pending order we'll need to wait for indicators confirmation. MACD will have to reverse and start falling. As for DMI indicator, we'll have to wait when ADX starts rising. The entry level will be below the swing low and stop above the swing high. Take profit orders should be placed near the support level .
Trade closed: target reached
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