Gold Trend and Channels
We have strong 2011 resistance line along the top shown purple. We broke that and close over it. We definitely getting back there. When ? Look for behavior in the channel drawn. That will show you short term where to go with it. If we bounce off the channel or tick up towards that 2011 line we are long, otherwise closing solidly under that channel look to go to the blue support line and up from there
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.