As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal:
Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange trend-line) around 1780 and thenthe 2.0 Fibonacci extensionat at 1800.
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Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange trend-line) around 1780 and thenthe 2.0 Fibonacci extensionat at 1800.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
!! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !!
🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes
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