Gold - buy on 4H - double bottom confirmation
Dear traders and followers,
the Gold price has lost last week more than 100 $ value which was a strong correction in short term.
This morning a double bottom at 1850 $ has been confirmed which is an buy signal.
The RSI indicator broke out of down trend channel which is an buy signal as well.
Market looks short term bullish on 4h and going to move to the 1900 $ area which is a good sell area / short entry.
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the Gold price has lost last week more than 100 $ value which was a strong correction in short term.
This morning a double bottom at 1850 $ has been confirmed which is an buy signal.
The RSI indicator broke out of down trend channel which is an buy signal as well.
Market looks short term bullish on 4h and going to move to the 1900 $ area which is a good sell area / short entry.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date.
Thanks for your support !
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
