Gold is now in an upwards channel right now. Every day value is going higher. We have to watch the channel. There are some short time buy&sell opportunities inside the channel. RSI broke the downtrend channel and confirming the up move also.
If the price breaks the channel’s resistance it may form a flag pattern and go up one more stick of flag. You can see it in purple. If it doesn’t break the resistance and support, uptrend channel also shows the value is getting higher day by day.
If the price breaks the channel’s resistance it may form a flag pattern and go up one more stick of flag. You can see it in purple. If it doesn’t break the resistance and support, uptrend channel also shows the value is getting higher day by day.
Trade active:
Movement of the Gold value is goin perfectly to our expectations. We can see some correction after this steep move.
Trade closed: target reached:
Target has been reqched almost perfectly regarding to our draw