XAUUSD Golden Cross formed on 4H

Pattern: Channel Up on 4H.

Signal: Buy as the price rebounded near the 4H MA50 (blue trend-line) and even though there is still room within the Channel for one last low, the 4H Golden Cross that was formed may bring higher prices without it.

Target: 1829 (just below the 1.236 Fibonacci retracement level and the 1832 – 1834 Resistance Zone).

Tradingview link:

https://www.tradingview.com/chart/XAUUSD/Nq4QxACt-XAUUSD-Golden-Cross-formed-on-4H