XAUUSD: Sell opportunity within the Channel Up.

Gold completed yesterday's aggressive rise with a Higher High on the newly emerged 4H Channel Up (RSI = 62.645, MACD = 22.260, ADX = 58.024) at 1,642. This was a 0.786 Fibonacci retracement from the 1,703 High. The technical pull back level for a Higher Low is on the 0.618 Fib retracement which is at 1,526 and where the MA50 may support. If broken we can see the symmetrical touch on the 0.786 level near 1,495.

Our previous buy trade:





** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **

Comments and likes are greatly appreciated.