Gold / XAUUSD continues to trade inside June's Channel Up.
Its recent bearish leg has managed to find support on the 0.382 Fib and rebounded, closing today its 2nd straight green 1day candle.
This is the start of the new bullish leg and the minimum rise such a leg had inside the pattern was +7.55%.
With that in mind, buy and target 2800 by mid November.
Previous chart:
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Its recent bearish leg has managed to find support on the 0.382 Fib and rebounded, closing today its 2nd straight green 1day candle.
This is the start of the new bullish leg and the minimum rise such a leg had inside the pattern was +7.55%.
With that in mind, buy and target 2800 by mid November.
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.