InvestingScope

XAUUSD: March repeat sends it to 2,080.

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold is consolidating inside a Triangle pattern, with 4H technicals naturally neutral (RSI = 43.149, MACD = 1.520, ADX = 27.050) always within the larger pattern of the Channel Up. The very same Triangle in March broke upwards aggressively to form the new Higher High of the Channel Up. With the 4H RSI on a similar Double Bottom formation, we are buying again, targeting the R1 (TP = 2,080).


Prior idea:


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