XAUUSD Almost 1 month ranged inside the 1day MA50-100.
Gold / XAUUSD has almost completed 1 month trapped by 1day candle closings inside the 1day MA50 and 1day MA100.
The 1day MA100 in particular has served as the long term Support inside the wider Channel Up pattern since November 10th 2022.
Apart from scalping the MA50-100 range, take advantage of the breakouts on the long term.
Buy after a closing over the 1day MA50 and target 2020. Same with breaking over Resistance B and target 2080 (Resistance C).
Sell after a closing under the Channel Up bottom and target the 1day MA200 at 1860.
Added information: The 1day MACD just made a Buy Cross, same as March 3rd which was a market bottom.
Previous chart:
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The 1day MA100 in particular has served as the long term Support inside the wider Channel Up pattern since November 10th 2022.
Apart from scalping the MA50-100 range, take advantage of the breakouts on the long term.
Buy after a closing over the 1day MA50 and target 2020. Same with breaking over Resistance B and target 2080 (Resistance C).
Sell after a closing under the Channel Up bottom and target the 1day MA200 at 1860.
Added information: The 1day MACD just made a Buy Cross, same as March 3rd which was a market bottom.
Previous chart:
Follow us, like the idea and leave a comment below!!
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