In this idea I suggest a short trade set-up after the price bounces from the resistance trendline of the parallel channel. All info with explanations can be found on the chart.
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There has been a lot of movement in gold ever since this idea. Most of it is fueled by the elections happening in the US right now.
You can follow the sequence to this trade by checking out my new and more elaborate idea here:
I will be posting more of these regularly, so follow me to find out about great trading opportunities
Trading-Guru
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I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
Trading-Guru
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How would you have charted this? Feel free to post a link to your own idea here as well
Trading-Guru
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I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.