Long

XAUUSD Hit the MA50 (4h). Strong Buy.

Gold quickly declined, almost as fast as it rose during the FOMC Meeting on Wednesday and hit the MA50 (4h).
In addition, it touched the top of the formed Wedge, on a similar price action as April 10th.
Both strong buy signals, considering that the long term pattern is a Channel Up.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 2070 (top of the Channel Up + under the Rising Resistance).

Tips:
1. The RSI (4h) turning bearish, exactly on the same level as April 10th, is an additional buy signal.

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Notes:
Past trading plan:

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