DLavrov

Gold Bullish Divergence

Long
DLavrov Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Price reached the support level and bounced. RSI confirms price reversal and MACD forms bullish divergence. We have a signal for opening long trades. Entry level is above 1316.50. Place a stop order below the support level and take profit orders near MA50 and MA100.
Comment:
Price broke the support level. The long trade was not opened. We'll have to wait for a new signal.

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