XAUUSD Bull Flag to break into a new Channel Up High.
Gold / XAUUSD is trading inside a Channel Up since November 25th on the 1hour chart.
At the moment it is on a Bull Flag, which was part of both prior bullish waves.
The 1hour RSI just crossed under its MA and on the next lower low, the price should have already bottomed.
Buy and target 2669, which is the 1.618 Fibonacci extension (the last Higher High of the pattern).
Previous chart:
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At the moment it is on a Bull Flag, which was part of both prior bullish waves.
The 1hour RSI just crossed under its MA and on the next lower low, the price should have already bottomed.
Buy and target 2669, which is the 1.618 Fibonacci extension (the last Higher High of the pattern).
Previous chart:
Follow us, like the idea and leave a comment below!!
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