Why Buy Gold?
1) On XAUUSD weekly chart, PA hit a major support area of 1125.00
2) PA made a bullish reversal PINBAR candlestick pattern
3) On noted Fib. Retracement, PA reversal hit at 0.786 (key area)
4) RSI is going up & now 39
5) CCI is 55, over above NEUTRAL on indicator.
* Will continue to look for buying opportunities in near future with GOLD on lower time frames.
1) On XAUUSD weekly chart, PA hit a major support area of 1125.00
2) PA made a bullish reversal PINBAR candlestick pattern
3) On noted Fib. Retracement, PA reversal hit at 0.786 (key area)
4) RSI is going up & now 39
5) CCI is 55, over above NEUTRAL on indicator.
* Will continue to look for buying opportunities in near future with GOLD on lower time frames.