Gold has been respecting this ascending channel nicely over the past weeks, and I expect it to continue doing that. I will be adding a Low-Risk BUY and letting it ride to my target of 1800+. Please let me know your thoughts.
I see a sell to fill the gap below, the DAX has seen all time-highs going into this week and although it has the potential to continue up to 15500 at some point I believe a retracement is its next major move.
A potential move for gold using Fibonacci retracement. I expect it to pass the 1725 resistance below and retrace to the 0.236 level before continuing to push up to the resistance levels above. TP1 = 1735 TP2 = 1750 Please let me know your thoughts!