XAUUSD: Buy opportunity on the 1D Higher Low.
Gold is currently trading to establish a support on 4H following last week's pull back to a new Higher Low within the 1D Channel Down (RSI = 62.099, MACD = 8.790, Highs/Lows = 3.9014). With 1D on High Volatility (ATR = 9.3829), the price is more likely to consolidate and try to establish a support sideways on 4H before the final test on the 1,357 - 1,366 Multi Year Rejection Zone. As seen on the chart, the RSI gives a clear buy signal on this sideways movement. We are taking this long, TP = 1,350.
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