Artemizios

GOLD Long Term Bullish Case

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
J of KDJ is showing short term oversold conditions - look for quick bounce opportunities. KD of KDJ oversold but not at new lows same w/ RSI. MACD long term convergence - look for potential breakout with increase in volume and volatility. 100ema should hold as support or else more bearish than bullish. Would add a small position with stop loss around 1125.00. Previous cases exhibit more likely scenario to be a short term bullish opportunity.

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