Gold is trading in a upward parallel channel.
1780 holds an important zone for buy.
Two scenarios can come into play;
Trade plan 1:
Buy near 1780 - 1782
SL: 1775
TP: 1800
Trade plan 2:
If it breaks 1780 and close below
Sell near 1780 - 1777
SL: 1783
TP: 1750
1780 holds an important zone for buy.
Two scenarios can come into play;
Trade plan 1:
Buy near 1780 - 1782
SL: 1775
TP: 1800
Trade plan 2:
If it breaks 1780 and close below
Sell near 1780 - 1777
SL: 1783
TP: 1750
Trade active:
Trade plan 1
Trade closed: target reached
