Gold 8H long Opportunity - Divergence forming Long

Gold/U.S. DollarFXCM

Description

⋅ Sep 12, 2016 1:56 AM

Gold entered a small downtrend mid-way into last week. It's now entering an area of demand and the 100 SMA. Price action line on the indicator is forming as well as divergence. May enter long at the close of this 8H candle. Will post an update.