A new bearish H4 channel is forming. adv nfp or nfp might help push gold up to the region of $1240-1250 before dropping. I plan on trading this movement if gold happens to trade within this trend channel. This is a plausible channel.
targets for long: $1240-1250
targets for short from the top is $1200-1190.
ALTERNATIVE: IF gold stays within the larger daily bullish channel, we should see higher highs instead of 1190. any of these scenarios are possible.
targets for long: $1240-1250
targets for short from the top is $1200-1190.
ALTERNATIVE: IF gold stays within the larger daily bullish channel, we should see higher highs instead of 1190. any of these scenarios are possible.