Intraday trend-Bullish Gold has recovered and broken major resistance $1205 after making a low of $1142. Intraday trend is bullish as long as support $1185 holds. On the downside break below $1185 will target $1175/1160. The major resistance is around $1221 and any break above will target $1237 (50% retracement of $1342 and $1130)/$1255 (Oct 20th high). Overall trend reversal -$1175 (Cloud bottom and also Nov19th low)
Indicators Ichimoku (9, 26, 52, 26) - Buy MACD (12.26.9) – Buy It is good to buy at dips with stop around $1185 (Kijun-Sen).
Recommendation: Buy gold around $1195, SL $1184, Target $1220/1237.
ความคิดเห็น
Iskandarglenn
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We will see how your MACD divergence works out!
Glenn
FxWirePro
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S but for thE MACD divergence in four chart only it has shown a dip till $1196. But it will hold 1185.
Glenn