Gold (XAUUSD) has been trading within a Triangle pattern since the April 22 High. It is now above its 1D MA50 (blue trend-line), which has been turned into its Pivot and technically it is about to break upwards as it is running out of space.
As long as the 1D MA100 (green trend-line) holds, the market technically targets the 2.618 Fibonacci extension, which is what the last two Bullish Legs hit, which currently sits at 3770. A 1D RSI break above its own Lower Highs trend-line, could be an early buy signal.
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As long as the 1D MA100 (green trend-line) holds, the market technically targets the 2.618 Fibonacci extension, which is what the last two Bullish Legs hit, which currently sits at 3770. A 1D RSI break above its own Lower Highs trend-line, could be an early buy signal.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。