FX:XAUUSD   Gold / U.S. Dollar
314 7 10
Gold             channels as I see it on the daily chart and possible price action from here. High chance of short to mid term bullishness. Ultimately we can move back to the black channel by riding the yellow channel (copy of last) or, it could hit the top of the current channel and ultimately free-fall further down towards 1200 and below.
Francis Kim Digital Development: https://franciskim.co | Mobile, Desktop & Web App Development | eCommerce Development (Magento, Shopify, WooCommerce)
Good visual...it may need a little bounce from here. Great work!
+1 Reply
franciskim PRO OffTheFloorTrader
thanks!
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WITH RESPECT, BUT NOW THE PA IS BEYOND AND BELOW THE BLACK CHANNEL. see how it clears the 1239. chances are that its going down under
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Yes, that is also a possibility and could be quite likely that this current channel breaks as well - which would mean a 15 year uptrend line will be broken as well.
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Noooooooo

Gold Falls << 1 2 0 2 >>
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ZarNegar ZarNegar
to 1202
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yeah I can't disagree with you anymore.
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