InvestingScope
Long

XAUUSD: Lower High extension to 1,490.

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold found Support at 1,445 and the 1D Channel Down ( RSI = 44.921, MACD = -8.910, Highs/Lows = -1.3722) priced its Lower High. Based on the previous time (September 18th) it bounced on the Lower High trend line (dashed) it increased by +3.60%. With the 4H MA200 (orange) however limiting its upside to 1,500, we are setting a 1,490 Target on this bullish leg. You may also check the 4H RSI for taking profit, a 72.30 value marks the top.




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My TPs are exactly there -from 1485-1495 ;)
+1 Reply
@Forexian, Excellent.
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