LONG XAUUSD - TARGET REACHED FOR $27
MEDIUM TERM DOWN TREND BROKEN
- channel broken at 1179.50
- broke through 23.6% fib and RETESTED FIB & BOUNCED (see blue arrow)
- triple bottom on daily chart in $1143-1150 area
OVERALL: Prefer longs at $1177-78 (CHANNEL RETEST) targeting 38.2% fib at $1205, stop below CHANNEL at $1169
- channel broken at 1179.50
- broke through 23.6% fib and RETESTED FIB & BOUNCED (see blue arrow)
- triple bottom on daily chart in $1143-1150 area
OVERALL: Prefer longs at $1177-78 (CHANNEL RETEST) targeting 38.2% fib at $1205, stop below CHANNEL at $1169
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