XAUUSD Still bullish and targeting 2180
Gold/ XAUUSD has many puzzled today with its strong decline, however the long term trend is unchanged inside the large Channel Up.
The shorter Channel Up, according to the 1day RSI also, resembles the pattern of November/December 2022. Both formed after a +10.50% price increase. The latter went on to complete a +21.20% rally from the Double Bottom (another shared characteristic).
As long as the 1day MA50 supports, buy and target 2180.
Previous chart:
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The shorter Channel Up, according to the 1day RSI also, resembles the pattern of November/December 2022. Both formed after a +10.50% price increase. The latter went on to complete a +21.20% rally from the Double Bottom (another shared characteristic).
As long as the 1day MA50 supports, buy and target 2180.
Previous chart:
Follow us, like the idea and leave a comment below!!
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