XAUUSD First Golden Cross (4h) in 5 months. Strong Buy.

١٢ ديسمبر

Gold is trading inside an 8 month Channel Up and just crossed above the Falling Resistance of the previous High.
It is about to form a Golden Cross on the (4h) timeframe and the last such formation dates back to July 7th.
That was a heavy bullish signal that peaked on the 1.236 Fibonacci extension.

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

Targets:
1. 2850 (the 1.236 Fibonacci extension).

Tips:
1. The MACD (1d) is also printing a similar Bullish Cross to July's. This is an additional strong buy signal.

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Notes:
Past trading plan: