Get started
NikkiYu

XAUUSD SHORT TERM BOTTOMED at 1210 GO LONG

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
NikkiYu  
FX:XAUUSD   Gold Spot / U.S. Dollar
3
0
Gold has simply alleviated the overbought nature made last two days ago capped at the weekly 100 EMA of 1260. Similarly the daily hourly candles point a support level at 1210 and supported by the breakout point of the weekly 200 EMA at 1200.

RSI hourly now shows an oversold buy signal as well

Go long

Target weekly = 1260/1310/1330/1380
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.