Gold / XAUUSD is trading on the 1day MA100 at the bottom of the long term Channel Up.
The downside potential is technically limited to a -7.95% decline on the dotted Channel trend line.
The lowest risk trade is to buy after the price crosses above the 4hour MA50.
Target 2080 (All Time High).
Previous chart:
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The downside potential is technically limited to a -7.95% decline on the dotted Channel trend line.
The lowest risk trade is to buy after the price crosses above the 4hour MA50.
Target 2080 (All Time High).
Previous chart:
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.