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anshuman_05

Gold looking good to break out from the bear channel

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
anshuman_05 Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold goldtrading buysetup
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gold goldtrading buysetup
MACD giving a positive divergence and Gold is also looking oversold in terms of the distance from the 200DMA. Good chance that we get a solid rally. Good mean reversion at play here.
Trade active:
The price is now around 1150 and facing some resistance, we could take partial profits and let the remaining positions run.
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