GOLD ---> is going to touch $1852
Updated
hello guys...
as you can see gold formed a descending channel and break this out!
At the same time, it formed a base channel that is sharper than a regular channel!
in this case, you can expect a downward movement as high as a regular channel, but if you look at the higher time frame you can see a support level of $1874, so I recommend you close half of your position there and close on $1853 the remaining one!
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
as you can see gold formed a descending channel and break this out!
At the same time, it formed a base channel that is sharper than a regular channel!
in this case, you can expect a downward movement as high as a regular channel, but if you look at the higher time frame you can see a support level of $1874, so I recommend you close half of your position there and close on $1853 the remaining one!
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Note
the middle of channel is great for short positions:Trade active
the short position active:Trade closed: target reached
the target two hitthe target 4 active
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________
telegram channel: t.me/melikatrader94
forex telegram channel: t.me/melikatrader94GoldForex
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