Or / Dollar Américain
Long

XAUUSD: Channel Up offering trading opportunities.

399
Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP = 2,030.

Sell if the 4H MA50 breaks (current Support) and target the 4H MA200, our current projected TP = 1,975 but will change depending on when the breakout happens.

See how our prior idea has worked:

XAUUSD: Channel Up on 4H.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.