Before anything, I should tell that I will not take a position before trends break. As shown in the chart, we have two-channel, first the long channel that Gold is on the bottom of it and it's an up-trend; and second is the swing channel that is down-trend. So I recommended to don't take a position if you are swing or long trader, OR if you are a risky man, because of long up-trend bottom touch, just take a buy...
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.