XAUUSD: Bullish Cross on 4H inside the Channel Up.

22 thg 12, 2023

Gold has formed a 4H MA50/100 Bullish Cross, extending the rise of the bullish wave inside the Channel Up pattern. Naturally, the 1D technical outlook has turned bullish (RSI = 61.138, MACD = 13.480, ADX = 42.704) and the price can test the dashed HH trendline on a +6.45% rise like the November 28th High, which was the top before the highly distorted ATH of December 3rd. Our target is a bit lower on the R2 level (TP = 2,090).

See how our prior idea has worked:

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##