XAUUSD: Turning sideways short term but Channel Up intact.

Gold remains on very balanced bullish levels on its 1D technical outlook (RSI = 58.055, MACD = 27.200, ADX = 21.896) a direct outcome of its long term pattern, which is a Channel Up. With the late February high made near the top of the Channel Up and the 1D RSI on a decline ever since, this the the kind of behaviour that was previously had Gold consolidate before the next rally. You can scalp this range until the price gets near the 1D MA100 and place a more medium term buy (TP = 3,200).

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