A lot of signs about a bull run about to begin. Gold has been very strong for the past week, given the recent 7 day USD run. To explain the chart and sum of reasons:
-Trend support (red line)
-0.382 Daily (short term FIB support)
-0.764 Weekly (long term FBI support)
-RSI returning from oversold condition
-MACD has already bullish
-Stochastic oversold, still waiting for signs there
Safe and successful trading!
-Trend support (red line)
-0.382 Daily (short term FIB support)
-0.764 Weekly (long term FBI support)
-RSI returning from oversold condition
-MACD has already bullish
-Stochastic oversold, still waiting for signs there
Safe and successful trading!