Just entered this trade. Good risk reward opportunity. Daily price has crossed both the 10 and 50 MA, there is now a bullish 4 hour candle after a pullback.
Let's see how this plays out.
I went long on Gold at 1315 as the price broke above previous resistance. Also, there was a 4 hour MACD cross above the zero line, which I like as an indicator.
Stop level is at 1308. Tight stop but looking promising.
Limit target 1350, as that was previous highs.
Lets see how this turns out.