Gold (XAUUSD) has been trading within a Channel Up exactly since the start of the new year. Friday's pull-back saw the price it the bottom of this Channel Up (Higher Lows trend-line), exactly on the 1H MA200 (orange trend-line) and the 0.382 Fibonacci retracement level from the last Higher High.
This is the exact same pattern it followed on the first Bullish Leg. As a result, we expect another +5.30% rise in total, targeting $4775 before another correction to the 1H MA200 (and 0.382 Fib) at $4685.
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This is the exact same pattern it followed on the first Bullish Leg. As a result, we expect another +5.30% rise in total, targeting $4775 before another correction to the 1H MA200 (and 0.382 Fib) at $4685.
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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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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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.