XAUUSD Bull Market Rally
MACD recently crossed and price has made higher highs and higher lows since breaking out of the rectangle formation. ADX is showing a strong trend (34) as D+ continues rising.
Golden cross appears to be imminent as the 50 SMA continues to rise towards the 200 SMA.
Looking for a strong move through the .618 fibonacci level (1893.66)
Targets: $1969, $2066 and then a new all time high $2346
Golden cross appears to be imminent as the 50 SMA continues to rise towards the 200 SMA.
Looking for a strong move through the .618 fibonacci level (1893.66)
Targets: $1969, $2066 and then a new all time high $2346
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