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Finally gold shows sings that the big downtrend channel might be coming to an end.
Successful break out of the channel is the 1443 price point, we have to see a solid big candle closure above it, that will lead us to the target of 1883.
Remember we are close to a strong resistance if you are not in a long position and you want to get in this spot from risk management prospective is very bad to pathetic level don't be a fish wait for a break and a successful retest of the resistance to enter with properly placed stop loss.
As market moves i will updating this post stay tuned.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Finally gold shows sings that the big downtrend channel might be coming to an end.
Successful break out of the channel is the 1443 price point, we have to see a solid big candle closure above it, that will lead us to the target of 1883.
Remember we are close to a strong resistance if you are not in a long position and you want to get in this spot from risk management prospective is very bad to pathetic level don't be a fish wait for a break and a successful retest of the resistance to enter with properly placed stop loss.
As market moves i will updating this post stay tuned.
Thank you for reading my post, have a great day, wish you all the best !
Information provided is only educational and should not be used to take action in the market.
Feel free to ask anything in the comments :)
Comment:
Sorry i made a mistake the breakout level on the chart is 1743 not 1443