TradingView
InvestingScope
Feb 20, 2019 12:09 PM

XAUUSD: Sell opportunity on the 1D Higher High. Short

Gold/U.S. DollarFXCM

Description

Gold is approaching a sell signal on its 1D Channel Up (MACD = 10.130, Highs/Lows = 21.9428, B/BP = 42.7360) and the RSI is next to turning overbought (RSI = 74.891). When the Higher High of the Channel is made near the 1357 - 1366 Multi Year Rejection Zone (hard selling for the past 5 years) we will go short aiming at another -1.70% pull back (based on the Channel's pull back Higher Low sequence). TP = 1,333.00.





** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.
More