{"id":12982,"date":"2022-12-16T08:41:25","date_gmt":"2022-12-16T08:41:25","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12982"},"modified":"2023-05-17T08:43:52","modified_gmt":"2023-05-17T08:43:52","slug":"xauusd-still-bullish-inside-the-1-month-channel-up","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/16\/xauusd-still-bullish-inside-the-1-month-channel-up\/","title":{"rendered":"XAUUSD Still bullish inside the 1 month Channel Up"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>Gold (XAUUSD) managed to break again today above the 4H MA50 (red trend-line), recovering yesterday&#8217;s early session drop and that keeps it on bullish track, at least for the short-term as the Channel Up that started a month ago (On the November 15 High) remains intact.<\/p>\n<p>In fact it seems to be replicating the previous Higher Low formation below the 4H MA50. From an RSI perspective, see how well it rebounded on the Triangle&#8217;s bottom (even though it marginally broke it). Keep an eye on the upper Lower Highs trend-lines, for levels were profit can be booked if you are trading this on the short-term. On the medium-term as long as the 4H MA200 holds (green trend-line), the next Higher High can be a little lower than the 0.5 Fibonacci (1840).<\/p>\n<p>A break below the 4H MA200 though, turns the medium-term trend bearish, targeting the 1D MA50 (blue trend-line), which is the long-term Support during uptrends and is where we are waiting for a long-term buy entry.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/cYOWaT3c-XAUUSD-Still-bullish-inside-the-1-month-Channel-Up\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/cYOWaT3c-XAUUSD-Still-bullish-inside-the-1-month-Channel-Up<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Gold (XAUUSD) managed to break again today above the 4H MA50 (red trend-line), recovering yesterday&#8217;s early session drop and that keeps it on bullish track, at least for the short-term as the Channel Up that started a month ago (On the November 15 High) remains intact. In fact it seems to be replicating the<\/p>\n","protected":false},"author":611,"featured_media":12983,"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-12982","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\/12982","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=12982"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12982\/revisions"}],"predecessor-version":[{"id":12985,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12982\/revisions\/12985"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12983"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}