- October 5, 2021
- Posted by: Tradingshot Articles
- Category: Commodities
As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal:
Right now the price is consolidating with the 4H MA50 in support, much like the July and August fractals (circles). Naturally the next target remains the 4H MA200 (orange trend-line) around 1780 and thenthe 2.0 Fibonacci extensionat at 1800.