Hi everyone.
Gold has been trained inside an ascending channel for almost a year now. It shortly deviated above two times, once due to the crypto selloff back in May 2021 and once in February due to the war in Ukraine with Russia. Those levels have been good sell the news events for gold.
Price now has retraced at the bottom of the channel recently giving a good buy entry, but I believe it will get rejected at the middle of the channel next. 1844 is a good level for longs. Targets top of the channel at 1900$.
Good luck out there.
Let me know in the comments what you think!
Gold has been trained inside an ascending channel for almost a year now. It shortly deviated above two times, once due to the crypto selloff back in May 2021 and once in February due to the war in Ukraine with Russia. Those levels have been good sell the news events for gold.
Price now has retraced at the bottom of the channel recently giving a good buy entry, but I believe it will get rejected at the middle of the channel next. 1844 is a good level for longs. Targets top of the channel at 1900$.
Good luck out there.
Let me know in the comments what you think!
King