Gold / XAUUSD hit today the 1day MA50 for the first time since August 5th 2024.
This isn't just a 3 month test of the rising supporting trend line but also a test of the bottom of the 5 month Channel Up.
The 1day RSI hit and is rebounding on its own 5 month Buy Zone.
This is a textbook buy signal on very low risk (Channel Up bottom limit).
Buy and target 2840 (+7.50% from the low, a standard bullish leg rise within this Channel Up).
Previous chart:
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This isn't just a 3 month test of the rising supporting trend line but also a test of the bottom of the 5 month Channel Up.
The 1day RSI hit and is rebounding on its own 5 month Buy Zone.
This is a textbook buy signal on very low risk (Channel Up bottom limit).
Buy and target 2840 (+7.50% from the low, a standard bullish leg rise within this Channel Up).
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.