XAUUSD Is a quick pull back justified here?
Gold / XAUUSD is on a strong short term Channel Up that reached today the 4hour MA200.
This is the final Resistance before further upside is confirmed to a new All Time High.
Having completed a +5.40% rise, this is a technical point where all 3 previous Channel's pulled back to the 0.382 Fibonacci.
Sell and target 2630 (0.382 Fib and possible contact with the 4hour MA50).
Previous chart:
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This is the final Resistance before further upside is confirmed to a new All Time High.
Having completed a +5.40% rise, this is a technical point where all 3 previous Channel's pulled back to the 0.382 Fibonacci.
Sell and target 2630 (0.382 Fib and possible contact with the 4hour MA50).
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.