GOLD XAUUSD > Technical Analysis > 25th November
G'day!
Just quick technical analysis for gold which, looks promising to me.
RSI divergence triggered on the 23rd with confirmation from ATR to go long. If we can break resistance at 1794-5 I believe we can see a continuation of a long with a possibility of reaching 1846.
We can see strong support at 1782-4 which respects monthly low trend.
SL - 1779
Buy @ 1794-5
TP1 - 1803
TP2 - 1812
TP3 - 1846
If you take this idea, remember to keep an eye on the resistance levels and keep safe.
Good luck all.
Just quick technical analysis for gold which, looks promising to me.
RSI divergence triggered on the 23rd with confirmation from ATR to go long. If we can break resistance at 1794-5 I believe we can see a continuation of a long with a possibility of reaching 1846.
We can see strong support at 1782-4 which respects monthly low trend.
SL - 1779
Buy @ 1794-5
TP1 - 1803
TP2 - 1812
TP3 - 1846
If you take this idea, remember to keep an eye on the resistance levels and keep safe.
Good luck all.
Trade closed: target reached