XAUUSD on February's Support Zone

XAUUSD after its biggest daily drop in recent months, it reached the Support Zone of February.
The MA50 (1D) has entered this Support Zone and can support as it is intact since November 10th 2022.
Legitimate short term buy opportunity.

Trading Plan:
1. Buy on the current market price.
2. Buy if the price breaks over Fibonacci 0.382 and retests the Pivot.

Targets:
1. 1280 (MA50 (4H) and Pivot).
2. 1856 (Fibonacci 0.618 and Resistance 1).

Tips:
1. The RSI (4H) is rebounding after breaking deep into the oversold level. It has been a strong buy signal before.

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