jan80hansen

Trying to regain support in the channel

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
For the past couple of weeks price has been moving in a bearish channel . This week we broke through the channel to the downside but I would be cautious trying to short it now as it seems to be regaining support in the channel. A break of 1310 would confirm more downside .
If your bullish wait till price breaks above 1320.
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