Gold is trading within a 1D Channel Up (RSI = 63.947, MACD = 14.550, Highs/Lows = 23.7221) and today has the first sustainable 4H rejection sequence since July 31. Closing the current candle in red would mean that the Channel will push lower to price a Higher Low within. Our TP is where the price is projected to test the 4H MA200 = 1,420.
With the trade war, stop loss is important. What do you think?