As you can see in the area I marked with the yellow box, gold broke the bearish channel while inside the bullish channel and this means now that it will rise up to 1.414-1.618 fibo levels, I expect it to go to the target from the area I marked as the support zone
Please like the idea for Support & you can share your ideas and charts in Comments Section .. !!
Thank you Wolf of Trading for you analysis and contribution. I did share the same viewpoint with you in this set up. Cheers and let's see how far we can go.
Gold is in a triangle which could break out in either direction - this week FED interest rates and FOMC statement - your views on how this will affect gold ?