Long

XAUUSD aiming at the 1820 - 1830 zone.

This is an update to my October 19 idea and the buy signal that the break below the 4H MA50 (blue trend-line) gave:

XAUUSD Close to a Golden Cross. Next Targets: 1810, 1820

It turned out that the signal was accurate and the 4H Golden Cross was formed. The whole idea was based on the fact that the October Bullish Megaphone pattern was repeating the August Bullish Megaphone. So far the two have printed the exact same formations and right now we are at the phase where while the 4H MA50 is still supporting (closings above it), there is one more Higher High left towards the 1834.50 Resistance. My first target (1810) has been hit, 1820 is the next one.

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