LONG ON GOLD XAU/USD
Gold fell today because of peace talks regarding the war but has since found its floor which was a previous major support zone and is starting to turn around.
Macd is showing upward movement with a potential golden cross.
RSI is also coming off the lower levels of the oversold state.
Here is the play I will be making on this pair:
P = 1921
SL = 1912 = $9 move 90 PIPS
TP 1 = 1948 = $27 move 270 PIPS
TP 2 = 1960 = $39 move 390 pips
Macd is showing upward movement with a potential golden cross.
RSI is also coming off the lower levels of the oversold state.
Here is the play I will be making on this pair:
P = 1921
SL = 1912 = $9 move 90 PIPS
TP 1 = 1948 = $27 move 270 PIPS
TP 2 = 1960 = $39 move 390 pips
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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.
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.