PipTips

CHANNEL RE-ENTERED

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Hello traders! Looking at the gold market, we see a triple top created which pushed the market back into a channel we’ve been monitoring. A wedge was formed above this channel and the market broke out to re-enter this channel. With a retest, we could see a bearish reaction towards the bottom. This is an idea not a signal, analyze for confirmation and trading opportunities.
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