GOLD ---> is going to touch $1852
hello guys...
as you can see gold formed a descending channel and break this out!
At the same time, it formed a base channel that is sharper than a regular channel!
in this case, you can expect a downward movement as high as a regular channel, but if you look at the higher time frame you can see a support level of $1874, so I recommend you close half of your position there and close on $1853 the remaining one!
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
as you can see gold formed a descending channel and break this out!
At the same time, it formed a base channel that is sharper than a regular channel!
in this case, you can expect a downward movement as high as a regular channel, but if you look at the higher time frame you can see a support level of $1874, so I recommend you close half of your position there and close on $1853 the remaining one!
_______________________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Comment:
the middle of channel is great for short positions:
Trade active:
the short position active:
Trade closed: target reached:
the target two hit
the target 4 active
the target 4 active
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