Gold price reaches the top of the channel,time for a correction?
Hello traders, in my previous Gold idea, I recommended buying Gold
between 1760-1767 with SL below 1752 and TP at 1815. As you can see, it was a
great buy trade and whoever followed made very good profit(previous idea attached below).
Currently, Gold has reached the top of a long-term price channel on the daily chart.
So, there might be a correction soon.
If bearish price action happens at the top of the channel a low-risk sell @1840-1850
with SL above 1860 and TP at 1800 would be a possible sell trade.
between 1760-1767 with SL below 1752 and TP at 1815. As you can see, it was a
great buy trade and whoever followed made very good profit(previous idea attached below).
Currently, Gold has reached the top of a long-term price channel on the daily chart.
So, there might be a correction soon.
If bearish price action happens at the top of the channel a low-risk sell @1840-1850
with SL above 1860 and TP at 1800 would be a possible sell trade.
Comment:
Going as predicted
