Bullish Channel Breakout at 1840 But price couldn't break above 1910 zone. (1900-1915 was previous strong supply during Aug-Sep 2011). We anticipated breakdown instead.
LONG trades got liquidated here at strong support 1810 zone. We had strong USD recovery that drove GOLD further down hence breaking 1810 support. So counting as Fake Breakout.
Gold again trapped in Bullish channel and mostly "expected" Bearish momentum hence counting as another Fake channel momentum.
Gold tried to break 1750 support zone but USD took a break. Further fundamentals made pretty intense recovery.
Now watch 1810 level as Weekly and Daily candle closed just right above above the Bullish channel indicating Breakout. Seems like Retest is done in Lower TF but indicators are contradicting. So we better wait for Monday's opening and then proceed accordingly.