rv
Long

xauusd potential reaction

rv  
FX:XAUUSD   Gold / U.S. Dollar
277 0 1
xauusd             potential reaction

key 18/2 breakline channel ( blue ).
21/5 breakline channel ( red ), from recent sell off.

Triangle target reached, reaction may have started by
breaking the downtrend channel ,risen above 10 sma , MACD divergence.
resistance at 20, 50 sma , 50% and 0.618% levels.

An observation regarding the March sell off from 1391,
how the retracement likes the 50% level. ( circle )

potential projection with
targets : 1267(50%), 1280(channel top), 1300(0.382) - downtrend line

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