XAUUSD: Long term bullish signal to 1355 - 1365.

28 ene 2019

Gold broke the last medium term Resistance at 1,300 on 1D. This has set the monthly chart (RSI = 55.600, MACD = 3.510, Highs/Lows = 3.7657, B/BP = 64.6600) on a bullish course to test the last sell MA, which is the SMA100 = 1,355. 1D remains a standard uptrend, resembling a Channel Up (RSI = 64.882, MACD = 7.900, Highs/Lows = 8.9765), clearly supported on Higher Lows (blue dashed line). The immediate TP is 1,325, with the ultimate target being the multi year Rejection zone of 1,355 - 1,365, which has been rejecting any upside break out possibility since 2014.





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