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Wednesday, December 30, 2020

GOLD in parallel channel

GOLD in parallel channel

GOLD / U.S. DOLLAR FX_IDC:XAUUSD

We have come to a very interesting period for gold , which has now reached almost the canal's upper edge. We can draw a smaller uptrend line that we use as price support. Any break below it can be an initial sign of bearish potential. Conversely, if we see a break above the channel's top line, we are looking at a continuation of the bullish trend .



from Trading Ideas https://ift.tt/2L3O41p
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