XAUUSD Turned bullish again.

Gold / XAUUSD continues to trade inside June's Channel Up.

Its recent bearish leg has managed to find support on the 0.382 Fib and rebounded, closing today its 2nd straight green 1day candle.

This is the start of the new bullish leg and the minimum rise such a leg had inside the pattern was +7.55%.

With that in mind, buy and target 2800 by mid November.

Previous chart:

XAUUSD Bearish reversal at the top of the Channel Up.


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