Gold buying forms new upwards channel looking too long [BTFD]

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
lots of people looking towards gold to see if it can rally back upto 1300

a new, smaller channel has formed and broken away from the old downtrend channel , resulting in the low of 1160

looking to find a good entry on gold , really for fuull bull we wanna see it stay above 1220 BUT it may come down as the market breathes towards the support levels shown

COP just signalled that its coming out of overbought areas

aggressive traders can look to enter but more cautious one might want to watch it come down to around 1180-1200 and wait for a good upwards flow to break out towards 1300 and beyond

some good scalps possible if it fits into the channel as we head towards 2019

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DXY pushing down on metals possibilities of some good entries but wanna see a close above 1220

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