Chart Magic: Gold(XAU/USD) Suggests Big Move Coming

12/26/2020 07:32:00 PM (GMT+6)
  • Gold Chart seen at 4h chart.
  • For uptrend confirmation we can wait for 100 EMA and 200 EMA Cross.
  • RSI above 50 and Divergence.
  • Volume like increasing.
  • 1820-1827 is strong support now and We can enter buy at 1860 on EMA cross.
Evaluating the price action with the algorithm and the last few days of trading, our bias is a big up move has a higher probability than a big down move. You must always remember that we could change after any given day’s price action and close. All algorithm signals are decided after the close every day.

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