XAUUSD Big Bullish Divergence. Buy for short term profits.
Gold / XAUUSD is consolidating on a Falling Support, while the 4hour RSI is on a Rising one. This is a Bullish Divergence, the kind we saw in August 17th-21st.
That was a short term bottom and once the 4hour MA50 broke, a rally to Fibonacci 0.618 was initiated.
Wait for it to break again and buy, aiming at 1896 (Fibonacci 0.618), or adjust if the price makes a new Low.
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That was a short term bottom and once the 4hour MA50 broke, a rally to Fibonacci 0.618 was initiated.
Wait for it to break again and buy, aiming at 1896 (Fibonacci 0.618), or adjust if the price makes a new Low.
Follow us, like the idea and leave a comment below!!
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