YO traders,
Gold dropped sharply last week and since then has been in a corrective pattern.
As you can see it has been in a channel. Price has dropped sharply again in the last few hrs to the bottom of the channel.
I am expecting the price to break through this channel and go move down till the next support at 1800.
Lets wait and watch
Please like and support.
Thanks
Madtradex
Gold dropped sharply last week and since then has been in a corrective pattern.
As you can see it has been in a channel. Price has dropped sharply again in the last few hrs to the bottom of the channel.
I am expecting the price to break through this channel and go move down till the next support at 1800.
Lets wait and watch
Please like and support.
Thanks
Madtradex
Comment:
Seems like price is forming an inverted cup and handle on the 4 H. bias is still short in this case. lets see how price moves
Comment:
congrats to those who got onto this trade. killer gains on this one.
Price touching 200 EMA now and support level. I am expecting a pull back here
Price touching 200 EMA now and support level. I am expecting a pull back here