Gold (XAUUSD) broke and closed above the 4H MA50 (red trend-line) for the first time since November 18 and turned the short-term trend bullish again. The target is the 1D MA200 (orange trend-line), which is just below the 1800 psychological level, and has been unbroken since June 23.
Notice how perfectly the November 23 low and rebound was made on the 0.382 Fibonacci retracement level. Next long-term buy signal, when the 1D RSI hits its Higher Lows trend-line.
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Notice how perfectly the November 23 low and rebound was made on the 0.382 Fibonacci retracement level. Next long-term buy signal, when the 1D RSI hits its Higher Lows trend-line.
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** Please LIKE ๐, SUBSCRIBE โ , SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. **
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You may also TELL ME ๐โโ๏ธ๐โโ๏ธ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! ๐๐
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