Gold Entry Level

FX:XAUUSD   Gold Spot / U.S. Dollar
746 4
The resistance level 1260.00 was broken and now we can think about entry levels for opening long trades. If we buy from the current level, it won't be a good idea, because MACD histogram falls and RSI is in overbought zone. It's much better to wait for correction to 1260.00 or MA20 and buy from these levels. ADX line rises above 20 value and it shows that we have a beginning of a new up movement. Our target is to find the right time for opening long trades.
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If its in bull run, then right time for long is this. But just waiting for more moves.
DLavrov WorldStockMarket
@WorldStockMarket, if price breaks the downtrend line on the daily chart, we'll see good up movement.
Two weeks old but still active. Please check my analysis:
@DLavrov Nice view on that,it re-test the channel line and it's a long from there
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