Long

XAUUSD: Aiming at 2,050 after the CPI.

XAUUSD is rising following the lower than expected U.S. CPI report with the 4H technicals largely bullish (RSI = 65.005, MACD = 6.660, ADX = 31.407). The pattern is a Channel Up and the current rebound is being made on the 4H MA50. The 4H RSI is approaching its LH trendline and very time a rise hit it, it completed a rebound in the range of +3.50% to +4.50%. The minimum of +3.50% will make a Higher High on the Channel Up at 2,050.

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