Gold / XAUUSD is trading inside a Channel Up since November 25th on the 1hour chart.
At the moment it is on a Bull Flag, which was part of both prior bullish waves.
The 1hour RSI just crossed under its MA and on the next lower low, the price should have already bottomed.
Buy and target 2669, which is the 1.618 Fibonacci extension (the last Higher High of the pattern).
Previous chart:
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At the moment it is on a Bull Flag, which was part of both prior bullish waves.
The 1hour RSI just crossed under its MA and on the next lower low, the price should have already bottomed.
Buy and target 2669, which is the 1.618 Fibonacci extension (the last Higher High of the pattern).
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
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.