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Mihai_Iacob
Oct 27, 2021 6:47 AM

Gold- still in an uptrend, but... Short

GoldOANDA

Description

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
Comments
graphbullS
Great idea
kimstandgraph
Well done
ForexTrendline
Might actually continue higher, not sure
yonsfx
keep it up
Gravitas
great idea
FieryTrading
Thanks!
Seliine
awesome
AtlasTrades
great lovely
Delta_Forex_
great analysis
KlejdiCuni
Thanks
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