Long opportunity for gold at bottom of parallel channel. Bulls able to hold this level on several occasions. Can they do it again? Strong sell off, perhaps a bit over extended (need to check rsi). Price could slip lower to 88.6% in confluence with Supply zone (strong buy). Slight Bullish divergence on OBV. Targets highlighted at Intra-channel trend lines in confluence w/ 61.8% fibos. Will be watching lower TFs closely at market open. Good Luck!
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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.