InvestingScope

XAUUSD: Short term Rectangle scalping mode

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The short term pattern on the 1H chart is a Rectangle and as long as 4H remains neutral (RSI = 49.674, ADX = 13.422, Highs/Lows = 0.0000) the price will be trading within the 1,659 Resistance and 1,624.50 Support. We recommend short term traders to work the whole array, seeling near the Resistance and buying near the Support.




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