Gold XAUUSD over down trend and move upside
We think gold take retrenchment in fibonacci on 0.618 and in rsi, stoch oversold at the same time in daily chart time frame.
When you see in h4 chart you see the strong support 1227 hit with rsi oversold. In h4 chart "V" pattern also show, dollar also week condition. So when we combine all these things then we take decision gold take buy mode hit first 1240 then we decide the next action
When you see in h4 chart you see the strong support 1227 hit with rsi oversold. In h4 chart "V" pattern also show, dollar also week condition. So when we combine all these things then we take decision gold take buy mode hit first 1240 then we decide the next action
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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.