XAUUSD is getting ready to explode to $4000

Gold (XAUUSD) is trading around its 1D MA50 (blue trend-line) having practically been accumulating since the April 22 High. Ever since the 1D MA100 (green trend-line) turned into a long-term Support (2023), Gold has experienced similar Accumulation Phases another 3 times.

On all of those occasions, the price broke out to the upside in the form of a Channel Up, reaching at least the 2.5 Fibonacci extension.

With the 1D MACD close to forming a Bullish Cross around the 0.0 mark, which is the level that always started the Channel Up during those 3 previous Accumulation Phases, we expect the market to start breaking upwards and towards the end of the year hit at least $4000.

-------------------------------------------------------------------------------

** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **

-------------------------------------------------------------------------------

💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇