Hi
I hope you have made money from the previous analysis.
Gold is moving in an ascending channel .
Now, after hitting the bottom of the channel, the price has moved towards the top of the channel. If we successfully pass the resistance of 1922 in the 4h time frame, we can see 1940 in the next step, but if it is rejected, we will return to the bottom of the channel and the probability of breaking the bottom of the channel increases.
I hope you have made money from the previous analysis.
Gold is moving in an ascending channel .
Now, after hitting the bottom of the channel, the price has moved towards the top of the channel. If we successfully pass the resistance of 1922 in the 4h time frame, we can see 1940 in the next step, but if it is rejected, we will return to the bottom of the channel and the probability of breaking the bottom of the channel increases.
Trade closed: target reached:
Great move to 1936! +150pips profit.
