XAUUSD Is today's sharp drop a buy opportunity.GOLD / U.S. DOLLARFX_IDC:XAUUSDTradingShotGold (XAUUSD) has experienced its strongest decline today since October 21 and hit its 4H MA100 (green trend-line) for the first time in more than 1 month (since November 24). Given that the medium-term pattern is a Channel Up, this correction is so far still a technical Bearish Leg, almost as strong (-5.80%) as the first one. As long as the price action is contained and closing within the pattern, expect a bullish reversal towards Resistance 1 at 4550, as the previous Bullish Leg did. The 4H RSI is also testing the 30.00 oversold level, which is where the November 18 Low/ buy signal was made. If however Gold closes below the bottom of the Channel Up, expect a quick test of the 1D MA50 (red trend-line), which is unbroken for 4 months (since August 22) and is where the October 28 Higher Lows is also, at 4200. The price is currently close enough to the bottom of the pattern, allowing for a solid low risk tight SL strategy. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇