Price is within a channel.
Based on Monthly candle formation, I expect Price to touch the bottom of the treadline and continue up.
This will form a wick on monthly candle and continue bullish for the remainder of the month.
Price has broken out of a downward trendline on Daily and shown signs of rejection on daily and weekly
I expect price to retouch the trendline which is also at 38% fib and push up
I would trade this as a buy only
Check previous published idea to show overview of higher timeframe trading idea
As all higher timeframe movements have resulted on closing below key levels, I expect GOLD to move down.
I dont believe GOLD will make huge wave movements to the downside but certainly retouch the next key level. US Economic position will make GOLD trading even more interesting than normal