Gold has make a higher low on the chart and continue bullish move in bullish chanel.
At some upper point we have a double resistance ( 1, bearish trend line + 2, channel middle levels as resistance ).
Here we have 2 scenarios,
No1,
If market reject from that double resistance we might see gold again to the channel support.
No2,
If market break and hold above that level and test as support then the continuation of bullish move will go to the channel resistance.
Always trade safe and must use stop loss.
And if you like this idea kindly appreciate with like button.
At some upper point we have a double resistance ( 1, bearish trend line + 2, channel middle levels as resistance ).
Here we have 2 scenarios,
No1,
If market reject from that double resistance we might see gold again to the channel support.
No2,
If market break and hold above that level and test as support then the continuation of bullish move will go to the channel resistance.
Always trade safe and must use stop loss.
And if you like this idea kindly appreciate with like button.