cicconi

Gold long

Long
cicconi Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
4H MACD likely going to give full buy signal on open. RSI and stochastic RSI trending upward.

1D MACD has not given the sell signal (crossover), so bull trend is still active. Fibonacci defines targets of 1241, 1254, and 1272.

1D upper BBAND is somewhere near 1230.

Put a stop loss around 1200. Great risk reward to 1240.
Trade active:
Price moving as expected. Now looking for the price to break and hold 1222.
Trade closed manually:
I closed this trade early because it tried for 1220 two time, but could not make it. Took very nice profit at 1215. Always better to take profit.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.