XAUUSD Bullish flag But opportunity
Good morning,
Market allowed us to draw a bullish flag pattern. Range of the formation is fitting very well with 127,2 Fibonacci extension from previous price movement and historical resistance. Position should be opened above resistance zone marked on the chart. RSI went back from overbrought zone to a neutral level of 50 which shows us a possibility that bulls will regain strength, If the price will break the formation MACD histogram and averages will also approved further upward movement.
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Remember it's only my point of view, every investment you make is fully on your risk.
Market allowed us to draw a bullish flag pattern. Range of the formation is fitting very well with 127,2 Fibonacci extension from previous price movement and historical resistance. Position should be opened above resistance zone marked on the chart. RSI went back from overbrought zone to a neutral level of 50 which shows us a possibility that bulls will regain strength, If the price will break the formation MACD histogram and averages will also approved further upward movement.
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Remember it's only my point of view, every investment you make is fully on your risk.
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