Looks to be in a channel right now through to mid Feb, after that we may see some correction. If it is, both sides could play the range and make healthy profits. but bulls can hold their positions longer.
Weekly chart:
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Running the channel perfectly, holding.
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so after such a dramatic day, gold got tested and passed with flying colours. it touched and even peeked outside our lower channel but, was soon brought back.
The picture remains the same..north
Trade closed manually
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Hi everyone,
Let me start by apologising for not updating you on my progress regarding this chart. As soon as the channel waas broken with significance, the trade was manually closed and eopened around 56 mark. here's how I played the week just passed.
As you can see, it played out preetty close to my analysis. NFP was nothing more than a distraction from the direction and nothing more. So, it was handled with that in mind.
This trade is still open.
I'll be drawing up a plan for the week ahead. so please do follow so you get the notification of the chart.