Gold - weekly update on 4H - where to buy
Updated
Dear traders and followers,
welcome to our weekly gold market update.
Last week we have forecasted the gold movement perfectly.
We see for this week another possible strong up movement after the market has confirmed 1870 $ - 1875 $ as support and second double bottom pattern (the first one is drawn in the chart and was one of the reasons for last weeks up move.
RSI indicator broke out of down trend channel and need to close above the trend line several times
MACD indicator on 4H crossed bearish and on the 12H its short before bearish crossing of baselines and start of new sell volume.
Good buy entry after correction is drawn in the chart.
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Please hit the like button if you share or like this idea.
Follow us and stay up to date.
Thanks for your support !
welcome to our weekly gold market update.
Last week we have forecasted the gold movement perfectly.
We see for this week another possible strong up movement after the market has confirmed 1870 $ - 1875 $ as support and second double bottom pattern (the first one is drawn in the chart and was one of the reasons for last weeks up move.
RSI indicator broke out of down trend channel and need to close above the trend line several times
MACD indicator on 4H crossed bearish and on the 12H its short before bearish crossing of baselines and start of new sell volume.
Good buy entry after correction is drawn in the chart.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date.
Thanks for your support !
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Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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