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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