XAUUSD BULLISH THROUGH TRIANGLE PATTERN ๐
Gold Technical Analysis
On 1H SCALE the gold prices are oscillating around the 50% Fibonacci retracement at $1,711.60. The precious metal has corrected to near the 20-period Exponential Moving Average (EMA) at around $1,709.00 after sensing barricades around $1,730.00.
The Relative Strength Index (RSI) (14) has slipped into the 40.00-60.00 range from the bullish range of 60.00-80.00, which signals a loss in the upside momentum.
Over Possible outcome
FX SIGNAL
GOLD BUY 1710.10
SL 1701.00
TP 1724.50
On 1H SCALE the gold prices are oscillating around the 50% Fibonacci retracement at $1,711.60. The precious metal has corrected to near the 20-period Exponential Moving Average (EMA) at around $1,709.00 after sensing barricades around $1,730.00.
The Relative Strength Index (RSI) (14) has slipped into the 40.00-60.00 range from the bullish range of 60.00-80.00, which signals a loss in the upside momentum.
Over Possible outcome
FX SIGNAL
GOLD BUY 1710.10
SL 1701.00
TP 1724.50