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maria_ch

XAUUSD, bullish divergence on h4 and support on d1

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
maria_ch  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Support and Resistance
1
0
trendanalysis indicator supportandresistance
The price approaches the support level from spring-summer 2020 on the d1/d2 chart, while on the h4 chart a bullish divergence appears on 3 indicators: RSI, MFI, Stochastic Oscillator. That tells us about a probable trend reversal, so we can go long.

I would suggest two take profits:

TP1 1785.277
TP2 1940.813
SL 1650.402
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