XAUUSD First touch on the MA100 (1d) in 9 months! BUY!

11月14日

Gold hit today the MA100 (1d) level for the first time since February 15th 2024, exactly after 9 whole months.
This by itself is a very strong long term buy signal but it's not the only one.
Today's low was also at the bottom of the Channel Up that started on the date mentioned above.

Trading Plan:
1. Buy on the current market price.

Targets:
1. 2790 (Resistance 1 = previous High).

Tips:
1. The RSI (1d) is almost oversold, as it was on February 14th 2024, the day before the last MA100 (1d) touch. This is also a very strong bullish signal.

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