In this video, we may see two way we may trade gold
in the upcoming week. Price is being moving into a rising channel
, strengthing into the overall trend, and after an impulse to the upside it is now developing a correction moving to the down. In the hourly chart we identified a key support level
where we may watch for a buy setup completion. Otherwise we may just wait for price to break above the rising channel
and see if we can get a pullback to the upper parallel where, once again we should start looking for longs.
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Trade with care,