CHANNEL RE-ENTERED
Hello traders! Looking at the gold market, we see a triple top created which pushed the market back into a channel we’ve been monitoring. A wedge was formed above this channel and the market broke out to re-enter this channel. With a retest, we could see a bearish reaction towards the bottom. This is an idea not a signal, analyze for confirmation and trading opportunities.
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.