TheCryptagon

XAUUSD testing the 4hour MA200 after 45 days

FX_IDC:XAUUSD   Guld / USA-dollar
Gold/ XAUUSD is trading inside a Channel Up with the price near its bottom.

It is the closest it has been to the 4hour MA200 since March 10th.

If the 4hour MA200 breaks, sell and target the 1day MA50 at 1935.

If the price crosses over the dashed Channel Down, buy and target the top of the Channel at 2070.



Previous chart:


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