SJ-TRADES

Gold Futures - Technical Levels

COMEX:GC1!   Gold Futures


Gold tops out after printing a ATH back in August 2020 and then

Trades within a descending channel printing Lower highs and respecting the top and

bottom of the channel to contain the price action .

A strong break outside of the channel in August 21 followed

by a back test of the top of the channel in Sept and a healthy break

to the upside after Inflation reports at 30 year highs .

This leaves PA currently sitting at the POC, close above this region and we may test the next

resistance or close below and we have the marked supports in chart .

See my other chart on the DXY index ..linked below

Know your Invalidation and Trade your Plan , I hope this gives you some insight .