XAUUSD is correcting. Wait for the the right buy entry.
148
Gold is trading inside a (30m) Channel Up. At the moment it has already topped and is on its bearish wave. The last one hit the 0.382 Fib and then rebounded.
Trading Plan: 1. Buy on the 0.382 Fibonacci level and as long as the MA100 (30m) holds.
Targets: 1. 2940 (-0.786 Fib like the last High).
Tips: 1. The RSI (30m) will also give a buy signal at 40.00. You can use it as a complementary indicator.
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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.