Sharif_KM

XAUUSD Long - Bullish Divergence

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
51 views
3
Technicals ( Bullish ) - Price has just tested Support zone and showing signs of bearish momentum, however the divergence provides confluence for a bullish move. Price is also bouncing off of the 0.618 Fib level, providing another confluence.

Fundamentals ( Bullish ) - Dovish comments on the USD from the Federal Reserve (Fed) weaken bullish power of the USD. Shown by morning star on daily time frame.