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GOLD bounce LONG ?
Gold was farmed SHS pattern and ABC correction. Gold crashed to 1445$. Bullish breakout of resistance line at 1460$. Potential target at 1483$. Gold hold above EMA 21 periods(white line).
Volume: average.
Indicators: MACD bullish crossover above zero line. RSI above 50 points, Bullish RSI divergence. Bullish sign.
Pattern: SHS, ABC correction, breakout of resistance line.
S/R: Major Support at 1445$, Support 1464$. Resistance 1480$, Major Resistance at 1516$
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
Volume: average.
Indicators: MACD bullish crossover above zero line. RSI above 50 points, Bullish RSI divergence. Bullish sign.
Pattern: SHS, ABC correction, breakout of resistance line.
S/R: Major Support at 1445$, Support 1464$. Resistance 1480$, Major Resistance at 1516$
Disclaimer: THIS IS NOT FINANCIAL ADVICE. All the information shared here is for learning and entertainment purposes only.
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