XAUUSD Buy Signal

1 326
Pattern: Channel Up on 1D.

Signal: Buy as the price has so far found Support on the Higher Lows (bottom) trend-line of the Channel Up, while a Golden Cross (when the MA50 (blue trend-line) crosses above the MA200 (orange trend-line) has emerged. Also the 1D RSI is on a reversal formation similar to June 29.

Target: 1815 (just below the 0.5 Fibonacci retracement level, which was the Resistance during the July rebound) and if 1820 breaks then target extension at 1870 (just below the 1876 Resistance).




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