XAUUSD Short term buy opportunity.

Panjang

Emas Semerta / Dolar A.S. (FX_IDC:XAUUSD)

FX_IDC:XAUUSD Emas Semerta / Dolar A.S.

trendanalysis chartpattern indicator gold xauusd metals commodities gc1!

Gold is on the 2nd green day after Thursday's Low at the bottom of the 6 week Channel Down.
The medium term trend remains bearish since the price remains under the MA50 (1d) but this is a short term buy opportunity.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 1943.

Tips:
1. The RSI (1d) is posting the same buy pattern as on May 25th.
2. The MACD (1d) is about to make a Bull Cross from the deepest oversold levels since September 2022.

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Notes:
Past trading plan:

XAUUSD Channel Down emerging but reversal if MA50 (1d) breaks

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