Wolf_of_Trading

XAUUSD(GOLD) update analysis

Short
Wolf_of_Trading Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
In my last 2 analysis, I introduced you to the mysterious resistance channel, it worked perfectly as you can see an I took 250 Pips profit from my Long trade , but the upside volume seems low in Gold, if the channel is broken, my target will be 1172.

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DISCLAIMER: This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Comment:
Our magic channel keep doing great job
Comment:
Blue channel still doing good job
Comment:
Break the channel and backtest
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