BodiesXWix

Gold Cornering itself to stay in daily/4HR channel from December

BodiesXWix Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Change of plans. It appears the daily channel has some massive resistance. You might get a shortbuy to the top of the channel but eventually we all saw this coming sooner or later. The Short on Gold. It's Either that or it rides the rop of the channel, Bounces off the top of the channel to a fib retracement, then eventually through the top of daily channel and up the current trend until we reach the new high where there will be massive resitance. There will be more resistance at the 2011 high than the current daily channel will have. Just an idea. One of the two has to happen right?


Additionally...Is someone buying all the gold that we have a shortage of supply for such a massive price increase?
Comment:
Full view on where I think it will short. There are some imbalance and mitigation areas around 1845. If it shorts, I would expect a good fall to that area.


You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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