XAUUSD: Is this rally over?
Gold is bullish on its 1D technical outlook (RSI = 66.282, MACD = 19.330, ADX = 27.965) but the rally could be approaching its end as it is about to hit the top of the March Channel Down. If broken the last Resistance before a complete long term bullish reversal will be the 1D MA200. Since the 1W MA100 supported in June and July, target the 1W MA100 (TP = 3,800) only if broken.
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