{"id":11243,"date":"2021-05-06T10:34:56","date_gmt":"2021-05-06T10:34:56","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11243"},"modified":"2023-05-03T10:40:07","modified_gmt":"2023-05-03T10:40:07","slug":"gold-broke-above-the-1d-ma100-major-bullish-break-out-signal","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/05\/06\/gold-broke-above-the-1d-ma100-major-bullish-break-out-signal\/","title":{"rendered":"GOLD broke above the 1D MA100. Major bullish break-out signal."},"content":{"rendered":"

 <\/p>\n

As mentioned on a series of posts, Gold has been trading within a Channel Up since April:<\/p>\n

\"GOLD<\/a><\/div>\n

 <\/p>\n

\"GOLD<\/a><\/div>\n

 <\/p>\n

\"GOLD<\/a><\/div>\n

This Channel had one major barrier before the short-term bullish sentiment made the leap to the long-term as well, and that was the 1D MA100 (yellow trend-line). The current chart is on the 4H time-frame for better illustration, so be advised that the blue line is the 4H MA50 while the green line is the 4H MA100.<\/p>\n

So as you see XAUUSD closed its first 4H candle above the 1D MA100. The trend-line has also been hit both on May 04 and 03 but never had a 4H candle closing above it. So today marked the first time this happens since January 08!<\/p>\n

So what happens now? Well if the Channel Up is sustained, then every dip within the 4H MA50 – 4H MA100 Zone is a buy opportunity targeting the Lower Highs of the January – February downtrend: Feb 23 = 1816.50, Feb 10 = 1855.50 and Jan 29 – 1876.00.<\/p>\n

Pay attention to the 4H RSI which has a Resistance Zone that marks price tops within the Channel Up fairly accurately.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/XAUUSD\/NqIehNt2-GOLD-broke-above-the-1D-MA100-Major-bullish-break-out-signal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  As mentioned on a series of posts, Gold has been trading within a Channel Up since April:     This Channel had one major barrier before the short-term bullish sentiment made the leap to the long-term as well, and that was the 1D MA100 (yellow trend-line). The current chart is on the 4H time-frame<\/p>\n","protected":false},"author":611,"featured_media":11244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1638],"tags":[],"class_list":["post-11243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11243"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11243\/revisions"}],"predecessor-version":[{"id":11248,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11243\/revisions\/11248"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11244"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}