XAUUSD: channel broke for gold to up next 2 wks to 1260

FX:XAUUSD   Gold Spot / U.S. Dollar
Hello, guys,

Gold did not fail us , just rally from the right position or support.
Its clear that channel broken will send gold up to 1250 -1260 zone.
In the long term ,we still think gold will need to drop later Aug - Oct.
More and more central bank is joining the rate-rising club and showing strong desire to follow up.That would b a bad news for long traders on gold .

Less is more!
Jul 17
Comment: lets me tell you one thing for sure, do not try to short gold.
Jul 17
Comment: gold is still heading to 1260 .
Jul 17
Comment: Do you know which channel to choose to follow ?
Jul 20
Jul 23
Comment: now the green line have been hit once.
Price could highly possible to go higher than that.
Jul 25
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Nailed it !
nice chart ...
hi.. i partially agree with this idea, we see a spike we see a divergence bullish engulfing, all because of poor CPI data, still need to be careful before FED minutes, i notice gold tend to go down every time prior that... FED minutes is due in 26 July.
GL with ur trade.
The next two week price is predicted by technical analysis, but if another two factor (sentiment and fundamental) lead to opposite direction? What would happen? Correct me if i am wrong.
@JAREL-TCK, i cant correct you .
time will .
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