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Gold Futures about to give a breakout
1. Bullish Falling wedge pattern breakout
2. Big Volume candle above 20 MA
3. 20 and 50 MA crossover and price about 20 MA
4. RSI resistance at 60 - 3 times, high probability that it will break 60 this time (Read about RSI 40-60 setup for getting a deep understanding about it)
Although their is a selling wick showing rejection, considering other factors their is high probability that it will give a breakout and good upmove.
DISCLAIMER - NOT A BUYING ADVICE, JUST FOR EDUCATIONAL PURPOSES.
2. Big Volume candle above 20 MA
3. 20 and 50 MA crossover and price about 20 MA
4. RSI resistance at 60 - 3 times, high probability that it will break 60 this time (Read about RSI 40-60 setup for getting a deep understanding about it)
Although their is a selling wick showing rejection, considering other factors their is high probability that it will give a breakout and good upmove.
DISCLAIMER - NOT A BUYING ADVICE, JUST FOR EDUCATIONAL PURPOSES.
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