XAUUSD: Temporary scalping opportunity.

13 feb 2019

Gold is consolidating on the 4H scale (RSI = 50.933, ADX = 22.695, CCI = 26.1120, Highs/Lows = 0.0000) within the 1,302.70 - 1,303.70 Support Zone and the 1,315.15 - 1,316.80 Resistance Zone. This creates a short term scalping opportunity. On the long term the bias remain bullish despite the increasing neutrality on 1D (Highs/Lows = 0.0000 but RSI, MACD still bullish) so if the Resistance Zone breaks we are expecting a quick gap fill at 1,326 followed on the medium term by a new Higher High at 1,340.






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