"The Golden Cross" finally crossed.

FX:XAUUSD   Gold Spot / U.S. Dollar
311 0
This is a clear buy and hold signal finally on H4. One 'golden cross" occurred and visible at H1. I'm in at 1236.88 now and will look to add more when price starts breaching on black dotted lines and last week's high.

This is a medium term outlook on this pair, as keeping in mind that general trend is still bearish and we have several previous strong supply zones for bulls to beat. Will only change view to long-term buy when same analysis becomes applicable to daily chart . My strategy for now will be buying dips as long as 50-MA indicates upward momentum and put SL in profit in case bearish trend resumes.

Target for now would be below the 200MA on daily chart .

Have a safe and happy Trading Week!

NOTE : Again, no suggestions or recommendations on this posted analysis. Please be responsible for your own trades as I am only sharing my trading journal to everyone who may find this educational or otherwise.
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