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XAUUSD Pullback amidst the 1st Golden Cross since November?
Gold Spot / U.S. Dollar
XAUUSD Pullback amidst the 1st Golden Cross since November?
By TheCryptagon
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Mar 14, 2023
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Mar 14, 2023
XAUUSD will form tomorrow the first 4hour Golden Cross since November 10th 2022.
The 4H RSI was castly overbought so expect a pullback to normalize this state.
A -2.60% decline as on March 8th, contacts Fibonacci 0.382 as well as the 4hour MA50.
Target of next bull wave = 1960.
Previous chart:
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XAUUSD
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