InvestingScope

XAUUSD: Healthy pull back inside the Channel Up.

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD reached the top of the Channel Up and as the 4H timeframe turned overbought (RSI = 66.415, MACD = 15.310, ADX = 35.525) we should see a technical pullback to the bottom. Apart from the 4H MA50, we expect this pull back to be of a minimum -3.75%. With the 4H RSI on clear sell territory, sell now with TP = 2,005.


Prior idea:


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