Gold 1H long: bullish CCIDivergence

Gold dropped from the above 1290 area to below 1275 within the past few hours.
Currently it looks like if it will bounce off of the resistance line at around 1275.
There was a bullish CCIDivergence - this would indicate a bullish move too.
Profit-target is the weekly pivot.

Trade geschlossen: Ziel wurde erreicht:

Target reached as predicted - this was a huge move and made me some nice profits!