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PATOJAPE

GOLD buy set up

Long
Gold Spot / U.S. Dollar (FX:XAUUSD)  
PATOJAPE  
FX:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators Ascending Channel buysetup
5
0
trendanalysis chartpattern indicator ascendingchannel buysetup
The price has formed an ascending channel and it has bounced in the resistance zone but we are expecting the price to return to the Fibonacci level of .618 and head upwards.
The trendline is a consolidated one so we are expecting the price to continue searching for new highs

What are your thoughts on this setup?
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