XAUUSD Is a quick pull back justified here?
Gold / XAUUSD is on a strong short term Channel Up that reached today the 4hour MA200.
This is the final Resistance before further upside is confirmed to a new All Time High.
Having completed a +5.40% rise, this is a technical point where all 3 previous Channel's pulled back to the 0.382 Fibonacci.
Sell and target 2630 (0.382 Fib and possible contact with the 4hour MA50).
Previous chart:
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This is the final Resistance before further upside is confirmed to a new All Time High.
Having completed a +5.40% rise, this is a technical point where all 3 previous Channel's pulled back to the 0.382 Fibonacci.
Sell and target 2630 (0.382 Fib and possible contact with the 4hour MA50).
Previous chart:
Follow us, like the idea and leave a comment below!!
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