Gold was in a strong Downtrend, shown by the red Trendline on the Daily chart. Below the Trendline was a significant bullish Divergence of Price vs. CCI - and the Trendline was broken yesterday. MACD gives us a confirmation of this bullish signal: It looks like MACD is about to cross the Signal-line bottom-up. On the Weekly chart, we see that Price already bounced off the long-term support and we do see a strong bullish Divergence too on that Timeframe. Profit Target is the yet untouched monthly Pivot at 1270
Trade active
⋅
Gold is rising as predicted - price is above 1263 - getting closer to the profit target