XAUUSD 1day MA50 and Channel bottom tested and held. Strong buy.

2024년 11월 7일

Gold / XAUUSD hit today the 1day MA50 for the first time since August 5th 2024.

This isn't just a 3 month test of the rising supporting trend line but also a test of the bottom of the 5 month Channel Up.

The 1day RSI hit and is rebounding on its own 5 month Buy Zone.

This is a textbook buy signal on very low risk (Channel Up bottom limit).

Buy and target 2840 (+7.50% from the low, a standard bullish leg rise within this Channel Up).

Previous chart:

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