Since the beginning of October, Gold is rising and it has gained, from the bottom to the top, around 1000 pips.
However, this rise is contained in a channel and lacks impulse.
At the time of writing the price is 1788, exactly above the confluence support
A break here would confirm that the October rise is just a correction and open the door for a new visit to 1720 support
However, this rise is contained in a channel and lacks impulse.
At the time of writing the price is 1788, exactly above the confluence support
A break here would confirm that the October rise is just a correction and open the door for a new visit to 1720 support
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