XAUUSD bullish upon holding the MA50 (1h). Targeting 2720.

Gold is trading inside a Channel Up and is currently on the new bullish wave.
Today it held the MA50 (1h), which is a strong bullish sign that the wave will continue to a new higher high.

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

Targets:
1. 2720 (the 1.618 Fibonacci extension).

Tips:
1. The RSI (1h) is forming the exact same pattern as the previous bullish wave, currently following the January 7th structure.

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Notes:
Past trading plan: