Gold Bullish Divergence

This buy signal is based on a bullish divergence which tells us about possible trend reversal. MACD supports the upward movement. ADX line falls and we can open long trades. The higher time frame gives bullish signals too. We can place pending orders for buy at 1328.50 level with stop orders at 1319.25 level. The main profit target should be at 1340.00 level. The other part of trade volume can be closed at 1350.00 level.

Yorum:

The price reached the 1st profit target.