Gold, back to its established channel Short

Gold/U.S. DollarFXCM

Description

⋅ Dec 12, 2020 8:01 PM

After a terrible crisis, risk-averse investors gradually withdrew their capital from gold, and now the price has returned to its former channel. The price is expected to move towards the bottom of the channel.

Comments

peyfx

⋅ Dec 12, 2020 8:21 PM

i have same direction on gold
but lower target
here it is

vahidsfz18

⋅ Dec 12, 2020 8:43 PM

@peyfx, Thanks, considering the head and shoulders pattern, this idea is not far from the mind. Anyway, it is better to go step by step.

peyfx

⋅ Dec 12, 2020 8:58 PM

@vahidsfz18, exactly mate