InvestingScope

XAUUSD: The closest to the 1D MA100 since November.

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold hit the 3 month HL trend line today, turning the 1D time frame red technically (RSI = 38.134, MACD = -12.150, ADX = 37.931) and coming the closest to the 1D MA100 since November 10th 2022.

Holding those two is a major buy entry (TP = 1,856) all the way to R1 but breaking below them and S1, will make us close and open shorts aiming at the 1D MA200 (TP = 1,776).


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