XAUUSD SHORT TERM BOTTOMED at 1210 GO LONG

Gold has simply alleviated the overbought nature made last two days ago capped at the weekly 100 EMA of 1260. Similarly the daily hourly candles point a support level at 1210 and supported by the breakout point of the weekly 200 EMA at 1200.

RSI hourly now shows an oversold buy signal as well

Go long

Target weekly = 1260/1310/1330/1380