Gold/USD is moving inside the ascending triangle Pattern and held above the current up trendline in weekly chart.
Recently it hit an upper line of the resistance. If the price action do retrace, I assume the current up trendline or fibonacci line would be a good bounce in price action and buy opportunity.
Indicators:
Macd line cross over with signal line for bullish signal for gold/usd. Histogram for buyer is also continue to building up.
DMI+ is above DMI- which current trend is bullish.DMX is still relatively weak (below 25).
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Recently it hit an upper line of the resistance. If the price action do retrace, I assume the current up trendline or fibonacci line would be a good bounce in price action and buy opportunity.
Indicators:
Macd line cross over with signal line for bullish signal for gold/usd. Histogram for buyer is also continue to building up.
DMI+ is above DMI- which current trend is bullish.DMX is still relatively weak (below 25).
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.