XAUUSD: Buy signal if the price breaks over this Resistance.
Gold turned bullish again on the 4H timeframe (RSI = 63.771, MACD = -1.560, ADX = 40.595) after crossing today over the two week Channel Down and naturally the 4H MA50 and MA200 periods. Following the 4H MACD Bullish Cross, this rally can extend to at least R2 and that's our bullish target (TP = 1,953). The entry signal will be closing over R1.
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