Long Gold. Convergence of moving averages. Bullish sign.
https://www.tradingview.com/chart/3AbgIaEW/
A convergence of moving averages can be observed in the 4h chart. Gold has often taken off during a convergence. It is not uncommon to receive bad economic data during the convergence.
First target 1273. Second target 1300. I will update the idea as we go along.
A convergence of moving averages can be observed in the 4h chart. Gold has often taken off during a convergence. It is not uncommon to receive bad economic data during the convergence.
First target 1273. Second target 1300. I will update the idea as we go along.
TF shows moving averages as support. Targets on Fibonacci retractment.