Gold- Still in up channel. Waiting for short trigger
Since the beginning of the month, Gold is trading in an up channel.
Up channels are reversal patterns indicating a lack of impulse.
1780 is now clear support and a break here would signal that bears took control
1720 support could be sellers target and, on the other hand, sustained buying above 1800 would negate this scenario
Up channels are reversal patterns indicating a lack of impulse.
1780 is now clear support and a break here would signal that bears took control
1720 support could be sellers target and, on the other hand, sustained buying above 1800 would negate this scenario
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