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XAUUSD testing the 4hour MA200 after 45 days

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
TheCryptagon  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Gold XAUUSD Metals Commodities goldtrading metalstrading
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trendanalysis chartpattern indicator gold xauusd metals commodities goldtrading metalstrading
Gold/ XAUUSD is trading inside a Channel Up with the price near its bottom.

It is the closest it has been to the 4hour MA200 since March 10th.

If the 4hour MA200 breaks, sell and target the 1day MA50 at 1935.

If the price crosses over the dashed Channel Down, buy and target the top of the Channel at 2070.



Previous chart:

XAUUSD Peaking after a Golden Cross. Target 1940.

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