XAUUSD testing the 4hour MA200 after 45 days
Gold/ XAUUSD is trading inside a Channel Up with the price near its bottom.
It is the closest it has been to the 4hour MA200 since March 10th.
If the 4hour MA200 breaks, sell and target the 1day MA50 at 1935.
If the price crosses over the dashed Channel Down, buy and target the top of the Channel at 2070.
Previous chart:
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It is the closest it has been to the 4hour MA200 since March 10th.
If the 4hour MA200 breaks, sell and target the 1day MA50 at 1935.
If the price crosses over the dashed Channel Down, buy and target the top of the Channel at 2070.
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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