This is a short-term channel in Gold. So if there is rejection candle at the channel top, then a short term sell can be placed with Take Profit at 1560.
GBPUSD has printed a big red bearish candle on Friday and it appears that the recent recovery has ended.
In the next couple of weeks, GBPUSD will be more weak and there is good chance for a drop to 1.16 again.
