Idea of gold channel moving up to after yesterday break
This is simply my theoretical look at yesterday gold drop down since I have never traded gold ever.
I think based on previous resistance marks and steady channel climbing through supporting lines the gold could reach back mark of 1881, 1885 and then if the gold could make 1892 a more upright climb afterwards towards 1915 mark would be possible and with breakout as seen previously.
This is my observation only, not a suggestion and I am not a regular daily trader just using the gold path to understand couple stocks I have recently tried to support my theory nothing more nothing else.
Happy trading everyone and lets see what certain news and politics can do with its path :) if they can :)
I think based on previous resistance marks and steady channel climbing through supporting lines the gold could reach back mark of 1881, 1885 and then if the gold could make 1892 a more upright climb afterwards towards 1915 mark would be possible and with breakout as seen previously.
This is my observation only, not a suggestion and I am not a regular daily trader just using the gold path to understand couple stocks I have recently tried to support my theory nothing more nothing else.
Happy trading everyone and lets see what certain news and politics can do with its path :) if they can :)