XAUUSD Does it need to test the 1D MA100 first?

Gold (XAUUSD) is attempting to break below its Triangle formation just 4 days after marginally breaking above it. This has invalidated that pattern so after breaking also below its 1D MA50 (blue trend-line), it could technically go for a 1D MA100 (green trend-line) test for the first time since January 06 2025.

If it does, there will be more probabilities for a stronger than before rebound to make a new High. Our Targe is the 2.0 Fibonacci extension at $3620.

Keep also an eye on the 1D RSI Buy Zone, which has been giving the most optimal buy signals since April 07 2025.

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