On the intraday hourly chart , gold appears to be making a short term uptrending channel.
With price reaching the mid channel ( thanks to an across the board decline of treasury bond yields) , a long is suggested
1. Enter - aournd 1830
2. Target - 1855
3. Stop - 1810
RR = 1+
With price reaching the mid channel ( thanks to an across the board decline of treasury bond yields) , a long is suggested
1. Enter - aournd 1830
2. Target - 1855
3. Stop - 1810
RR = 1+
This trade idea has shown to be able to be repeated atleast on 3 separate occasions with gold in consolidation