Fxprotrader

Gold: Buy Opportunity Ahead

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Price has broken above the consolidation it was moving and it's on its way up. Most likely we may have a pullback before price continues it's rally. i will wait for price to reach the lower parallel of the median line where i will watch for a buy setup to complete and buy gold. In the lower timeframes we see a big MACD bullidh divergence, a good sign for the upcoming upmove.

4H chart divergence:
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