As I mentioned on the trade signal published in my web, due to RSI's OVERSOLD setup and Fibo Supports we entered the LONG trade @1223.
And we hit the first target @1230.
GOLD Daily Chart the priced closed above MA100 which acts as a support now. Touched FIBO resistance at 1232 and closed @ 1228.
1232-1234 is an important resistance for GOLD price to continue upside move targeting 1243 USD levels.
on GOLD H4 Chart :
MA50 played an important role as a resistance.
I predict XAUUSD will move faster upside as soon as the price close above MA50 on H4 chart.
H1 Chart
We can see the possible pullback levels of GOLD price
They are 1225 , 1123 and 1220 levels. Pullbacks to those levels are buy opportunity for me.
I am still LONG on gold with SL 1209 ...
Good Luck
And we hit the first target @1230.
GOLD Daily Chart the priced closed above MA100 which acts as a support now. Touched FIBO resistance at 1232 and closed @ 1228.
1232-1234 is an important resistance for GOLD price to continue upside move targeting 1243 USD levels.
on GOLD H4 Chart :
MA50 played an important role as a resistance.
I predict XAUUSD will move faster upside as soon as the price close above MA50 on H4 chart.
H1 Chart
We can see the possible pullback levels of GOLD price
They are 1225 , 1123 and 1220 levels. Pullbacks to those levels are buy opportunity for me.
I am still LONG on gold with SL 1209 ...
Good Luck
Сделка активна:
we have reached all targets ...
1263.30 was the FIBO 76.40 resistane and price rebounded ...
USD weakness will carry Gold to 1263 again, then 1271 ... I m still long from 1223.
1263.30 was the FIBO 76.40 resistane and price rebounded ...
USD weakness will carry Gold to 1263 again, then 1271 ... I m still long from 1223.
