Hello traders,
After yesterday’s record, the Gold future seems to continue in its increasing trend.
Right now, we have a green high volume that is a sign of a new impulse. GC seems attacking a new target level price.
So saving our buying position seems a good choice.
for intraday trading, we sell at the first red volume and a red candle.
Pattern: Channel Up since the February 24 Higher High.
Signal: Bearish as the price reached the Higher High of the Channel Up. Once the trend-line of the bullish leg breaks and the price goes below Pivot 1, then we have confirmation.
Target: 1650 (above Pivot 2) and 1575 (above the short term Support).
* Note: This trend-line of the current Bullish Leg is very...
