#Oanda $XAUUSD Timeframe 60min
The medium trend is sideways/down. Resistance above will be cleared with moves through 1993 (top).
Medium timeframe indicators are showing uncertainty but are close to flipping bullish.
The minor trend is sideways with an emerging bullish tendency. A trade through 1961 will change the minor trend to up. This will shift momentum to the upside.
Short term indicators are showing strength:
-RSI: 62.08
-MACD: Cross Up
-EMA: turned bullish, confirming short term momentum switch and are in lign with lower support.
OUTLOOK
Expecting start of BULLISH Cycle.
Cycle end time : Minimum: now +8 Hours (TP1)
Maximum: now +48 hours (TP3)
Cycle duration: 8-48 hours
Cycle Targets: 1964.5 ; 1974 ; 1998.6
Disclaimer : No financial advise, only for educational purpose.
Every like and follow is welcome, check my profile for used indicator here for free!
The medium trend is sideways/down. Resistance above will be cleared with moves through 1993 (top).
Medium timeframe indicators are showing uncertainty but are close to flipping bullish.
The minor trend is sideways with an emerging bullish tendency. A trade through 1961 will change the minor trend to up. This will shift momentum to the upside.
Short term indicators are showing strength:
-RSI: 62.08
-MACD: Cross Up
-EMA: turned bullish, confirming short term momentum switch and are in lign with lower support.
OUTLOOK
Expecting start of BULLISH Cycle.
Cycle end time : Minimum: now +8 Hours (TP1)
Maximum: now +48 hours (TP3)
Cycle duration: 8-48 hours
Cycle Targets: 1964.5 ; 1974 ; 1998.6
Disclaimer : No financial advise, only for educational purpose.
Every like and follow is welcome, check my profile for used indicator here for free!
