GOLD (long term bullish) H1 with QEMA
As I use QEMA to look at the H1 chart, GOLD still looks bullish. Candles are above the 100 and 200 EMA lines. The 100 line crossing over 50 line in addition to 20 line on rise crossing 50, 100, and 200.
We do need to watch for that 1949-1950 break to continue on to 1960-1962. After that, it should touch 1988-1991 area. My target is 2015. Stop Loss remains at 1883.
We do need to watch for that 1949-1950 break to continue on to 1960-1962. After that, it should touch 1988-1991 area. My target is 2015. Stop Loss remains at 1883.
Trade active:
Update:
Break 1950 ✅
Hit 1960+ ✅
Break 1950 ✅
Hit 1960+ ✅
