Gold 4h w/ Channels Short Targets

Watching 1209, watch for channel break; is short take a breather? Then let's see how deep it wants to go...

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Time-wise, I'll look to close shorts and/or turn bull after the rate hike. No sense in getting in too early. Lastly, channel will tell next move. I'm practicing patience.

Areas of interest:

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The Federal Reserve MIGHT raise interest rates at its next meeting, on March 14-15.

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Trade closed: target reached:

Exited 60% of shorts. Last moved SL to capture profits but want something with target of 1193 zone.

Will review in morning after NFP; going to bed. Good luck everyone.

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We are either testing it from the outside, or need to redraw the channel as it tests the upper trend line...

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Touches, barely crossed but no candle fully closed outside of trend line channel.

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Added short. too this last pass. Will create sl at be once it has room to wriggle.

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Still holding longs from 1197.12

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We have positive BO, now watching possible test then run up to next targets. 1212, 1217, then, maybe deeper test.

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5m channel fun trade: