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XAUUSD Bullish break out. Still not late to buy.
Gold Spot / U.S. Dollar
Long
XAUUSD Bullish break out. Still not late to buy.
By TheCryptagon
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Oct 9, 2023
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Oct 9, 2023
Gold / XAUUSD crossed today over the Falling Resistance of the Sep 20th High as well as the 4hour MA50.
The 1hour MA50 has now been turned into Support and Resistance A (1880) is the first target.
The next buy can be when the 1hour RSI gets oversold again under 30.00.
Our target as presented on the previous analysis remains 1896 (Fibonacci 0.618 level).
Previous chart:
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Chart Patterns
Commodities
Gold
Technical Indicators
Metals
Trend Analysis
XAUUSD
TheCryptagon
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