Description
⋅ This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The XPDUSD 4H technical analysis training diagram shows the following:
XAUUSD reacted from 872.5 (1 of fib) and the EMA 50 last Friday. MACD and RSI are both bullish.
There is a startup of a bull market here. EMA 50 & 100 has crossed the EMA 200 upwards.
The next target is 1.618 of fib (all the correction to 0.5 & 0.382 has been done) at 909.1. Long for it since the 872.5 pull back has been done.