Gold has been on a downward channel for the past two months. But here we can see that there has been a bullish move that is going really strong. The circled level is critical as it is
in confluence with the resistance , 200MA and current channel resistance. If this level is broken, i will be waiting for a retest before executing any trades. But if it drops, i will be looking for entry opportunities on retracements.
in confluence with the resistance , 200MA and current channel resistance. If this level is broken, i will be waiting for a retest before executing any trades. But if it drops, i will be looking for entry opportunities on retracements.