XAUUSD Consolidating on the 4H MA50


As per the last XAUUSD idea, the price broke above the 4H MA50 (blue trend-line) giving a strong buy break-out signal:

XAUUSD targeting $1800

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.

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