Gold Bullish Divergence

The price bounces from SMA100 which is a strong support line. RSI confirms price reversal. MACD histogram supports upward movement. DMI allows open long trades. Also a bullish divergence confirms a reversal of downward movement. We can expect that the market starts a new upward movement. Pending orders for buy should be placed at 1330.00 level. Stop orders must be below the local swing low. Profit target should be at the resistance zone.