XAUUSD: Channel Up offering trading opportunities.
Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP = 2,030.
Sell if the 4H MA50 breaks (current Support) and target the 4H MA200, our current projected TP = 1,975 but will change depending on when the breakout happens.
See how our prior idea has worked:
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Sell if the 4H MA50 breaks (current Support) and target the 4H MA200, our current projected TP = 1,975 but will change depending on when the breakout happens.
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. ##
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial