Please check my original trade idea and view on the link below.
4 Hrs:
Looks like Gold has finished its minor pull back. With recent green candle and Slow Stoch turning up, we may see the next buy wave to start above 1210. Let's see if the momentum can increase this time and push DMI-ADX indicator to finally confirm a bullish trend.
Stop below 1190.
p.s.: btw I think the relative strength of Gold can be an early signal for some kind of general USD correction. Not sure, but I have this feeling.
4 Hrs:
Looks like Gold has finished its minor pull back. With recent green candle and Slow Stoch turning up, we may see the next buy wave to start above 1210. Let's see if the momentum can increase this time and push DMI-ADX indicator to finally confirm a bullish trend.
Stop below 1190.
p.s.: btw I think the relative strength of Gold can be an early signal for some kind of general USD correction. Not sure, but I have this feeling.
