Channel Trade
Risk to reward potentially worth it. Major Miners found support today from the open with a potential for the continuation of the channel. Looking to the prior low to be held, with a stop placed at 9.49 and exit target of 11.89. Gold has had a large push since the last FOMC with looming negative economic release for GDP on 4/27 Gold could continue to move upward into the next FOMC meeting 5/3
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