Good. Finally, the median line of the grey Andrews pitchfork has been reached. MACD is crossing its signal line and momentum is positive now.
If you are bullish on gold, you can:
- Buy gold next to 20MA. Target: the upper black line. Stop loss: if close under the 20MA.
If you are bearish on gold, you can:
- Short sell gold when it hits the upper black line. Target: 7MA. Stop loss if close is above the 20MA
Have a good trading day
This is not advice; this is just what I would do.
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