Gold (XAUUSD) is rising today following the Tariff announcements between the U.S. and their strongest trade partners. This rise is taking place just before the price touched the 4H MA50 (blue trend-line) which has been the absolute Support (hence buy entry) of January's Channel Up for the past month.
With the 4H RSI also making (so far) a V-shaped reversal, similar to all 4 previous Higher Lows of the Channel Up, we believe that this is once more a buy opportunity. All previous bottoms (Higher Lows) rebounded to the 1.618 Fibonacci extension (from High to Low). This gives us a 2845 Target for the next technical Higher High.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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With the 4H RSI also making (so far) a V-shaped reversal, similar to all 4 previous Higher Lows of the Channel Up, we believe that this is once more a buy opportunity. All previous bottoms (Higher Lows) rebounded to the 1.618 Fibonacci extension (from High to Low). This gives us a 2845 Target for the next technical Higher High.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。