chartwatchers
Long

GOLD has to break the upper leg of this channel

FX_IDC:XAUUSD   Gold / U.S. Dollar
44 0 7
While stock market is falling GOLD             will break the upper leg of the channel during the overbought conditions.
Lot of traders are waiting for the test of the lower leg of this channel. It's a possibility but the risk is high that bears will be punished for earning so much money in this bear market.
We are very late in this bear market now.
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