Gold - Long Position Setup
FOMC Statement and the press conference to follow will determine the medium-term direction of gold prices.
This is a long position setup which is based on a strong reaction form EMA50. Setup is as follows:
- FED is dovish on Wednesday.
- Pricing faces tough reaction from EMA50 level around 1290-1295.
- EMA10 can not cross EMA25.
- Stochastic indicator rebounds from oversold level 20.
Buy at (1290-1295) with target level 1375 (June.2016 high). This might be the fifth wave of the July-September rally starting from 1205.
Breaking of EMA50 would be a clear sign of reversal, not a retracement !!!
This is a long position setup which is based on a strong reaction form EMA50. Setup is as follows:
- FED is dovish on Wednesday.
- Pricing faces tough reaction from EMA50 level around 1290-1295.
- EMA10 can not cross EMA25.
- Stochastic indicator rebounds from oversold level 20.
Buy at (1290-1295) with target level 1375 (June.2016 high). This might be the fifth wave of the July-September rally starting from 1205.
Breaking of EMA50 would be a clear sign of reversal, not a retracement !!!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。