{"id":13277,"date":"2023-02-28T08:12:22","date_gmt":"2023-02-28T08:12:22","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13277"},"modified":"2023-05-19T08:14:04","modified_gmt":"2023-05-19T08:14:04","slug":"xauusd-closed-above-the-4h-ma50-first-time-since-feb-02","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/02\/28\/xauusd-closed-above-the-4h-ma50-first-time-since-feb-02\/","title":{"rendered":"XAUUSD closed above the 4H MA50, first time since Feb 02!"},"content":{"rendered":"<p>Gold (XAUUSD) is having the first major bullish break-out since it started its aggressive collapse on the February 02 top, as it closed a 4H candle today above the 4H MA50 (blue trend-line) for the first time since the top!<\/p>\n<p>By doing so it also broke above the Falling Wedge pattern of the past two weeks and with the 4H RSI on Higher Lows (i.e. a Bullish Divergence), and this is a legitimate bullish reversal formation.<\/p>\n<p>As the 1W MA50 (yellow trend-line) formed the bottom, it is advised to buy initially the pull-backs to the 1H MA50 (red trend-line) and target the upper Fibonacci levels systematically. We will do this until the price approached the 4H MA200 (orange trend-line), potentially within the 0.382 &#8211; 0.5 Fib Zone and then re-evaluate.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/VmB35XzW-XAUUSD-closed-above-the-4H-MA50-first-time-since-Feb-02\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/VmB35XzW-XAUUSD-closed-above-the-4H-MA50-first-time-since-Feb-02<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold (XAUUSD) is having the first major bullish break-out since it started its aggressive collapse on the February 02 top, as it closed a 4H candle today above the 4H MA50 (blue trend-line) for the first time since the top! By doing so it also broke above the Falling Wedge pattern of the past two<\/p>\n","protected":false},"author":611,"featured_media":13278,"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-13277","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\/13277","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=13277"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13277\/revisions"}],"predecessor-version":[{"id":13280,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13277\/revisions\/13280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13278"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}