GOLD - Bullish Signals

FX:XAUUSD   Gold Spot / U.S. Dollar
False break below support area , possible hammer , positive divergence on the 14 RSI , Falling Wedge - these are some bullish signals which might announce a rally for gold . The probability for an up move to start will increase once the upper line of the wedge is broken. First target for a rally would be the 38.2 Fibo level. I will consider this idea invalidated if the price will close on a 60 minutes chart below 1.1220.

Related Ideas

Uh oh, support level breaks. Does this significantly change your bullish position?
Basically this idea was invalidated by the last candle, buuut...i will keep my eyes open for an up move. A bigger swing high could be on the way.
Razvan great stuff-saw the same setup-will be nice to form a RHS and hit confluence of previous resistance at 1141 -1146 area before another bigger setback!
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out