Gold Spot / U.S. Dollar
Long

XAUUSD: Structural buy opportunity

520
XAUUSD hit the bottom of the 1 month Channel Up with 4H technicals turning neutral (RSI = 45.493, MACD = 5.690, ADX = 42.984). The 4H RSI hit the 3 week Support and this creates the ideal condition for a new short term buy. Target at least a +3.50% price increase (TP = 2,060).


Prior idea:

XAUUSD: Aiming at 2,050 after the CPI.


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