Gold is in correction phase | XAUUSD Buy
XAUUSDKey Features:
1. Gold is rebounding from support of descending channel.
2. It broke the 4h Falling trendline.
3. It is going to retest the support turned resistance of 1960.
4. 50% fib level is holding.
What do you think?
Note
Price is in longer term bullish flag pattern.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.