{"id":13330,"date":"2023-03-07T08:47:19","date_gmt":"2023-03-07T08:47:19","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13330"},"modified":"2023-05-19T08:49:17","modified_gmt":"2023-05-19T08:49:17","slug":"xauusd-oversold-rsi-bottom-of-the-channel-buy-opportunity","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2023\/03\/07\/xauusd-oversold-rsi-bottom-of-the-channel-buy-opportunity\/","title":{"rendered":"XAUUSD Oversold RSI, bottom of the Channel = Buy opportunity"},"content":{"rendered":"<p>Gold (XAUUSD) got a massive rejection following Powell&#8217;s comments on the potential of higher interest rate hikes. It hit the Symmetrical Support level of the Inverse Head &amp; Shoulders pattern we outlined on our previous analysis and so far seems to be rebounding. A potential Channel Up gives room for some more decline before an eventual recovery.<\/p>\n<p>The 4H RSI just breached into the oversold territory and as it was a sell last Friday when it was overbought, so is a buy opportunity now that it is oversold. If broken, the final level of long-term Support is the 1W MA50 (yellow trend-line), which provided the Support and big bounce last week. Our target is the 4H MA200 (orange trend-line), with a projected extension targeting 1860.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/XAUUSD\/w1vKaXLh-XAUUSD-Oversold-RSI-bottom-of-the-Channel-Buy-opportunity\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/XAUUSD\/w1vKaXLh-XAUUSD-Oversold-RSI-bottom-of-the-Channel-Buy-opportunity<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold (XAUUSD) got a massive rejection following Powell&#8217;s comments on the potential of higher interest rate hikes. It hit the Symmetrical Support level of the Inverse Head &amp; Shoulders pattern we outlined on our previous analysis and so far seems to be rebounding. A potential Channel Up gives room for some more decline before an<\/p>\n","protected":false},"author":611,"featured_media":13331,"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-13330","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\/13330","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=13330"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13330\/revisions"}],"predecessor-version":[{"id":13333,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13330\/revisions\/13333"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13331"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}