Gold trading setup 🧑🏻💻
📍Technical Analysis
9/26/2021
TF : H4
1. MACD Bullish Divergence
2. Bull run in H4
3. If gold failed to break above 100/200 days EMA, looking for short positioning
4. Fibonacci level at 0.618(1775.54) If gold cannot breakout, looking for short
5. If gold had failed to make a new high from previous new lower high at 1780. Considering that gold is still downtrend.
6. Gold is now performing a Dow theory accumulation trend
📍Technical Analysis
9/26/2021
TF : H4
1. MACD Bullish Divergence
2. Bull run in H4
3. If gold failed to break above 100/200 days EMA, looking for short positioning
4. Fibonacci level at 0.618(1775.54) If gold cannot breakout, looking for short
5. If gold had failed to make a new high from previous new lower high at 1780. Considering that gold is still downtrend.
6. Gold is now performing a Dow theory accumulation trend