XAUUSD: Sell opportunity inside a Channel Up.
Gold is trading within a 1D Channel Up (RSI = 63.947, MACD = 14.550, Highs/Lows = 23.7221) and today has the first sustainable 4H rejection sequence since July 31. Closing the current candle in red would mean that the Channel will push lower to price a Higher Low within. Our TP is where the price is projected to test the 4H MA200 = 1,420.
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