K9_Gold_Trading_Educational

2Feb-5Feb24 NFP Gold Update - Price Path Through Trend Channel

Long
FXOPEN:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD New upward trend channel being created because of Lower Highs. Two possible paths price following through the trend channel.

Normally trend channel retracement path is limited to 50% but recently even the retracements are deep which makes the price touch the upward and downward trend line.
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