TheCryptagon

XAUUSD Pullback amidst the 1st Golden Cross since November?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD will form tomorrow the first 4hour Golden Cross since November 10th 2022.

The 4H RSI was castly overbought so expect a pullback to normalize this state.

A -2.60% decline as on March 8th, contacts Fibonacci 0.382 as well as the 4hour MA50.

Target of next bull wave = 1960.

Previous chart:


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