XAUUSD (1h) buy signal inside a Rectangle.
Gold is neutral on the (1h) timeframe, trading sideways inside a Rectangle (Resistance 1 and Support 1).
The price almost hit Support (1) for the 3rd time since Nov 26th and is a technical buy signal.
Each of those times it rose to at least the 0.618 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2649 (the 0.618 Fibonacci retracement level).
Tips:
1. The RSI (1h) almost turned oversold (below 30.00). The previous two times that happened, it was a technical buy signal as well.
Please like, follow and comment!!
Notes:
Past trading plan:
The price almost hit Support (1) for the 3rd time since Nov 26th and is a technical buy signal.
Each of those times it rose to at least the 0.618 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 2649 (the 0.618 Fibonacci retracement level).
Tips:
1. The RSI (1h) almost turned oversold (below 30.00). The previous two times that happened, it was a technical buy signal as well.
Please like, follow and comment!!
Notes:
Past trading plan:
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