Gold has a bullish divergence + falling wedge!!!Profit targets:
1326.71
1334.28
1346.01
Stop Loss:
1314.98
Have a nice weekend,
Berk.
Goldusdlong
GOLD LONG 2618Very good long opportunity. Price have tried to break below attempt failed RSI oversold + divergence double topped retracement on previous not so strong supply zone, moving sideways. buy low sell high my bias is very bullish on gold I think price will break above soon rather than later. GOOD LUCK
Gold bullish trend has started according to Tom Demark countTom Demark count gave a green 2 on the daily chart which is a clear buy signal. I expect the bull run to continue for up to 7 more days.
Bollinger Bands is wide and Stoch RSI is not oversold so I do no expect a huge increase. We might touch the resistance at 1349 and pull back.
Here is my trading idea:
Long at: 1331
Take profit at: 1348
Stop loss: 1310
"To get higher, u need to go down before"It can be seen that the trend is not strong enough. To get higher, it needs to go down before to earn power.
