Description
⋅ 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
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