XAUUSD opportunity for dip buying.
Gold is trading inside a Channel Up with the current sequence being the bearish wave.
It is already below the 0.5 Fibonacci level and we expect it to dip at a maximum of 0.786 Fib, which is where the MA200 (1h) is expected to support.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2665 (Resistance 1).
Tips:
1. The RSI (1h) is about to hit the 30.00 oversold limit. This is an additional buy signal.
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It is already below the 0.5 Fibonacci level and we expect it to dip at a maximum of 0.786 Fib, which is where the MA200 (1h) is expected to support.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2665 (Resistance 1).
Tips:
1. The RSI (1h) is about to hit the 30.00 oversold limit. This is an additional buy signal.
Please like, follow and comment!!
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Also doing account management, earn +15% monthly profit!
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.