XAUUSD correction to the 1H MA50 technically needed.

Gold (XAUUSD) stayed unaffected by the Tariff War, as we mentioned on last week's analysis (Feb 03, see chart below) and easily hit our 2845 Channel Up Higher High Target:

This time a new, more aggressive Channel Up, on the 1H time-frame has emerged and is already on its 2nd Bullish Leg. Technically, the 1H RSI being overbought at 80.00, calls for a short-term correction.

We expect a technical pull-back to the 1H MA50 (blue trend-line), which will be the next buy entry fir the final +3.90% run and a Channel Up Higher High at 2945.

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