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RealistFX
Oct 18, 2020 9:41 AM

Gold - What next? 

GoldOANDA

Description

Probably the most simple outlook we've had on gold for a long time.

Clear ascending channel creating Higher High's and Higher Low's, ideal buys would be off the 3rd trendline touch, with sells only applicable with a break of the structure.

Also, above 1915 and below 1930 is a no trade zone for me - the grey area represents DAILY resistance. Strong resistance respected on across many days.

Also note the WEEKLY trendline in red currently coming into play!
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