Having just hit the pitchfork channel and the POC here, it looks like gold will retrace and extend from its previous uptrend to test the lower part of the channel. The R/R for this trade is fair enough to take the risk. Lower time intervals show some overbought condition that confirm.
Good luck and thanks for your comments.
Good luck and thanks for your comments.
Trade closed: stop reached
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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.