As you can see, gold is in its descending channel and respects the trend lines. Now there are two views! If gold is rejected from the price range of 2332 to 2337, my target short position will be the price of 2268. If it can reach the supply range of 2358 to 2363 and be rejected from this area, the target of our short position will undoubtedly be 2246-2350.
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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.