Gold is on the 2nd green day after Thursday's Low at the bottom of the 6 week Channel Down.
The medium term trend remains bearish since the price remains under the MA50 (1d) but this is a short term buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1943.
Tips:
1. The RSI (1d) is posting the same buy pattern as on May 25th.
2. The MACD (1d) is about to make a Bull Cross from the deepest oversold levels since September 2022.
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Notes:
Past trading plan:
The medium term trend remains bearish since the price remains under the MA50 (1d) but this is a short term buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 1943.
Tips:
1. The RSI (1d) is posting the same buy pattern as on May 25th.
2. The MACD (1d) is about to make a Bull Cross from the deepest oversold levels since September 2022.
Please like, follow and comment!!
Notes:
Past trading plan:
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