After a couple of good weeks for Bears, it seems there can be a way up for GOLD. There is clear channel which we can follow for any further moves from XAUUSD pair. if the price would break the channel from above, AFTER CONFIRMATION we can expect to see 1778, 1808 and finally 1830-32. however if drops down it can dive towards 1717. the picture is clear. be patient...
There is a clear channel which the price has been loyal to it for a long time. after getting CONFIRMATIONS we can enter right now and if the price can't hold itself and go up, after a bounce back from the bottom of the channel we can ride it all the way up!
