Gold Spot / U.S. Dollar
Updated

Gold: Up or Down, Keep an eye

173
This pair has stood out to be an interesting pair for us to trade but over a week now, it has experienced consolidation and trading within a descending channel in H4. Also, note that support holds at 1485.68 regions. Price is currently at the top edge of the descending channel which can attract the sellers. a breakout to the upside is a confirmation to buy the pair. A break below the noted support introduces the sellers. Market open will give clear descriptions. keep an eye on the pair.
Note
TP hit on the bullish breakout

on H4: snapshot
Note
on H1: snapshot

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