OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has been in sideways for about 4 months and then in downtrend for 2.5 months.
I am not too positive for gold to go in bull trend as indicators just a trend analysis which could go wrong.
But here i am using STOCH (again) which appears to be crossed 4 days back and yesterday it came over 20. also, the Forexx MA cross happened 3 days ago.
But yesterday, my Gold vs Bull indicator AKA Golden Fight appers to go green over red.
So, taking these 3 as positive gold .
Also, it jumped over a longterm trendline too.

Hoping for a good.

Thanks !!
Comment: Green lines are support and Red lines are major resistance to be broken for more bull run..
Comment: Magnified view of S/R

Comments

What's the target mate?
Reply
@FRXMACHNE, i am long from 1255. But cannot say anything for the target. But will surely update about it. Cheers :)
Reply
FRXMACHNE UnknownUnicorn2785010
@UnknownUnicorn2785010, Thank you. I am long since 1254.
Reply
@FRXMACHNE, That's great man...
+1 Reply
FRXMACHNE UnknownUnicorn2785010
@UnknownUnicorn2785010, sold at 1265.18 and metals retracing. will buy back in :)
Reply
@FRXMACHNE, great choice, will be looking at the US open for more info..
+1 Reply
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