See the two areas, the latter one might repeat the previous one. They are both around the key line of the falling channel. In my idea, if breaking down 1220, gold will gold to 1205. If breaking up 1230, 1250 is in sight.
Comment
⋅
Might retest 1440, if breaking up 1250.
Comment
⋅
Short from 1230~1233. Bear flag forming, big drop.
Comment
⋅
I would follow the previous case, sell along the broken trend line.
Order cancelled
⋅
The two trend lines are different so it will be improper to compare them. The uprising channel is targeting 1280 area, be prepared.
Trade active
⋅
Comment
⋅
Be cautious, it seems that it hit the 0.618 Fib for this wave. For last wave, it also hits the 0.618 Fib(1180) and moved up.
Trade closed manually
⋅
1280 will be targeted. Close this for a new chart. Before that, it might drop to 1220 area then soar up to 1280