XAUUSD - daily bullish setup
Hello everyone! Gold seems to create another daily impulse on this uptrend, after retesting the EMAs and the previous resistance turned in support now. The price action is bullish on 4H and W as well, closing above the EMAs on all timeframes and retesting the previous resistance on 4H. Another confluence factor is the MACD indicator which also indicates a bullish move, so combining all the factors, we can expect the price to go up to at least 1801, which is the weekly resistance.
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Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.