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TradingShot
Aug 31, 2021 2:11 PM

XAUUSD Golden Cross formed on 4H Long

GOLD / U.S. DOLLARICE

Description

Pattern: Channel Up on 4H.

Signal: Buy as the price rebounded near the 4H MA50 (blue trend-line) and even though there is still room within the Channel for one last low, the 4H Golden Cross that was formed may bring higher prices without it.

Target: 1829 (just below the 1.236 Fibonacci retracement level and the 1832 - 1834 Resistance Zone).



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Comments
ForexTrendline
Nice one, here's our idea as well
Cronosus
Agree, happy fishing :)
ArmanShabanTrading
Amazing Idea... I Agree ...

and that's my last analysis of Gold


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