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InvestingScope

XAUUSD: Short term buy. 1H Channel Up.

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
InvestingScope  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD Gold goldusd GC1! (Gold Futures) Metals Commodities safehaven
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trendanalysis chartpattern indicator xauusd gold goldusd gc1! metals commodities safehaven
Gold opened lower today but the downtrend was contained on Friday's 1,546.50 Support. The rebound creates a Channel Up on the 1H chart (RSI = 48.937, ADX = 41.707, Highs/Lows = 0.0000) which if it manages to break 1,561 again (Soleimani's death Gap), it can make a new Higher High. The MACD is also rolling over to a bullish cross. The short term Target now is 1,565.50.





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