DLavrov
Long

Gold Trading Idea

FX:XAUUSD   Gold Spot / U.S. Dollar
A bullish candle closed above Moving Average 20 and gave a signal of possible up movement. RSI confirms price reversal from MA and we can search for entry levels based on hourly charts. If MACD keeps rising, we'll have one more confirmation for long trades. The nearest profit target can be the resistance level , where we'll have to pay attention to price action. If price breaks the level, the up movement will be continued to 1400. If price bounces, we'll be able to open short trades with target near 1300.
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